School Levy Information – February Election
Proposition #1: The Educational Programs & Operations (EP&O) Replacement Levy would continue to bridge the gap between what the state funds, and the actual costs needed for day-to-day school operations and programs for students. The proposed four-year EP&O levy would authorize an average of $15.5 million per year for 2019 through 2022. If approved, the levy will help pay for:
Proposition #2: The Technology Replacement Levy would continue funding for technology, equipment, support, infrastructure needs, and training for students and staff. It would also provide funding to expand STEM learning opportunities to help prepare students for success in college and careers. The levy will better ensure equity and access to technology for all students. The four-year Technology Levy would authorize an average of $4.7 million per year for 2019 through 2022. If approved, the levy will pay for:
- Local Tax: The combined local school levy tax rate is expected to decrease an estimated $0.67 per $1,000 assessed property value (AV) in 2019.
- State School Taxes/HB2242: The state portion of school taxes will increase an estimated $0.94/$1,000 AV in 2019.
- Financial Management: Based on a sustained level of sound financial management, the Snoqualmie Valley School District was recently upgraded to the second highest bond credit rating for school districts from Moody’s (Aa1), for which only four other districts in Washington are higher. The District has also received “clean” financial and accountability audits from the State Auditor, for the past 12 years.
The combined 2019 EP&O and Technology levy rates are decreasing when compared to the 2017 rates of the expiring levies. The state is increasing its statewide property tax to fund additional staffing for K-3 class size reduction and school employee compensation. This table summarizes the combined local levy and state school funding changes:
Calculations for Estimated Costs:
- Annual cost = Assessed Property Value / $1,000 x rate
- Monthly cost = Annual estimated cost (above) / 12
How does SVSD compare with other school districts? Many neighboring school districts are also seeking replacement levies in 2018. The following table compares per pupil funding based on proposed 2019 collections and current student enrollment.
Proposed Per Student Levy Funding