Levy and Bond Recap - PowerPoint PPT Presentation

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Levy and Bond Recap

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  1. Levy and Bond Recap Board Report September 10, 2013

  2. PlanningParameters • Three separate ballot measures to our voters: • A replacement M&O levy that assures support of the General Fund to the maximum capacity allowed by law. • A Capital Projects (Technology) levy which provides funding to continue to upgrade and maintain our technology and systems. • A bond issuefor a new high school, continued modernization work and other facility maintenance efforts. • Four years include: 2015 thru 2018 • Target rate: Not to exceed current rate. (2013 rate is $5.29)

  3. Board Public Discussions

  4. Recommended Proposition Targets

  5. Educational Maintenance and Operations Levy • Renewal levy replacing expiring M&O levy • Purpose: “To enhance district educational program” • Supports day-to-day operational costs not covered/fully covered by state and federal funding. • Staff Professional Development & TRI Stipends • Special Education • Curriculum Adoptions • Transportation • Athletics and Activities • Total: $200,000,000 over 4 years

  6. Capital (Technology) Levy • Renewal levy replacing expiring levy • Technology Advisory Committee Recommendations • Instructional • Instructional Computing Devices • Professional Development and Digital Resources for Tech Integration • Instructional Technology Coordinators and TOSAs • Classroom Audio and Interactive Classroom • Data Analytics • Operational • District Software Maintenance and Levy Support Staff • Printer Modernization • Platform Review • Ancillary Information Systems and HR Systems Review • Administration Workstation updates • Total: $32 million ($8 million per year)

  7. Bond Authority • Capital Bond Planning Task Force Recommendations: • Growth and Instructional Equity – New High School • Modernizations – Woodinville High School Phase 3 • Building Modernization Program- Extend facility life (roofing, flooring, HVAC, fire alarms) • Security upgrades • Code/Small works • Circulation • Fields • Technology network infrastructure and capacity upgrades • Amount: $177,500,000

  8. Projected Rates • Assumption: Assessed valuation will grow at 3% per year • Estimated Rates:

  9. Tax Rate Example

  10. Timeline • September 24th– First reading of Resolutions and Propositions. • October 8th– Approval of Resolutions • December 27th– Deadline for filing of Resolutions • February 11, 2014 - Election Date