LWSD considers additional taxes totaling $120,000,000

2522 -- A RESOLUTION of the Board of Directors of Lake Washington School District [ ] providing a special election to be held therein on April 23, 2019, for the District�s Capital Projects Fund for constructing and equipping additions to four elementary schools, constructing and equipping additions to Lake Washington High School classrooms, auxiliary gym and commons, and district-wide building safety and security modifications to meet the current and future educational programs for its students.

The proposition is to authorize the district to levy for an additional tax of:

$20,000,000 in 2019 for collection in 2020,

$20,000,000 in 2020 for collection in 2021,

$20,000,000 in 2021 for collection in 2022,

$20,000,000 in 2022 for collection in 2023,

$20,000,000 in 2023 for collection in 2024,

and $20,000,000 in 2024 for collection in 2025

Proposed projects include: classroom additions at Lake Washington High School, including auxiliary gyms and commons; classroom additions at Carson Elementary, Franklin Elementary, Rose Hill Elementary, and Twain Elementary, including expansion of core facilities where feasible; and district-wide student safety and security upgrades.  The district currently funds construction projects through prior bond measures. With the addition of a 6-year levy, the tax rate for construction will be maintained at the current rate of $1.16 of $1,000 assessed valuation (AV) through the combination of prior bonds and the 6-year capital project levy.

The overall tax rate per $1,000 of assessed valuation, including this measure AND previously approved bond and levy measures is estimated to be $2.60 in 2019 and is estimated [ ] at $2.60 in 2020 and beyond.

An overview of the Capital Project Levy recommendation will be presented to the board of directors at the regularly scheduled meeting on November 19, 2018. Board action on the measure is scheduled for December 3. The public may comment at these meetings and the 11/19 meeting. 

Reported by Bob Yoder
Source:  LWSD Board Packet, 11/19/2018

Note:  EvergreenHealth will put a $325M bond on the April 23 ballot for seismic retrofits.   

Comments

Post a Comment

Popular posts from this blog

Three school board members up for election in 2019

Image
If you have thoughts about running for a school board position , now is a good time to start planning. You have to live in the District in which you want to run. Each Board position is elected by the voters from the entire school district.  Questions?  Contact sparthemer@lwsd.org, Director of Communications and Community Engagement. Chris Carson -  DISTRICT 2   Kirkland area / West Lk. Samm. Blvd./ No. Bridal Trails (tan district color) Christopher Carlson, Ph.D., was elected to the school board in November 2007. He is a faculty member in the Fred Hutchinson Cancer Research Center's Division of Public Health Sciences. His lab focuses on identifying correlations between genetic variation and disease risk for cancer, diabetes, and other common diseases, then identifying the biological mechanism responsible. Carlson is also an affiliate assistant professor with the University of Washington School of Public Health in the Department of Epidemiology. He holds a B.A. in mol...
Read more

My trip to Europe -- Redmond History & urban transportation

Image
Two long rows of "scooters" blanket a plaza in Sorrento credit/ Pam Yoder On July 23, our family burst out of the Redmond bubble for an eye-opening visit to Ireland and Italy.  After 40 years of life in Redmond it was about time to gain new perspectives! Our trip was instigated by my nephew, playing the Irish in a  Aussie Rules Football. tournament.  We lost both games but the Guinness, Jamison and lively pubs made up for it. I had my eye out for the McRedmonds in Ireland.  None to be found.   Luke McRedmond  immigrated to America during the potato famine and homesteaded here in 1850.  Upon becoming postmaster in 1882 he renamed the town from "Salmonberg" to Redmond.  [Click on the hyperlink to read a fascinating accounting of the early development of Redmond up to Microsoft's presence.] My daughter Lexie, and her boyfriend had to leave after the tourney.  Pam and I extended our trip to visit Venice, Rome, Sorrento and Capri.  Grea...
Read more

LETTER: School taxes are growing too fast

Image
LWSD is considering an additional $120M levy.  This 6-year [school] levy will cost homeowners $29.00 for every $100,000 in assessed value. So the owner of a $700,000 house would pay $203 more per year in property taxes (2020-2026.) Property taxes on the $700,000 house are already: State School Taxes: $1330 McCleary School Taxes: $700 LWSD School Taxes: $1900 Roads, City, ST3, Hosp, etc: $2,800 Total: $6730 School taxes now make up 60% of our property taxes. This levy provides 4 elementary school additions and an addition at Lake Washington High School that was rebuilt in 2011. The District isn't even addressing the construction projects authorized by the Long Term Facilities Task Force. They will ask taxpayers to fund these in the 2020 bond measure. Additionally, the McCleary tax is scheduled to increase by 30% in 2021. I've lived in the same house for 20+ years. In 2012, my property tax bill was $4998 and the school taxes were $2600. In 2018, my property tax bill was $7,900 an...
Read more