Levy and Bond Recap Board Report September 10, 2013

Planning Parameters 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 issue for 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)

Board Public Discussions DateType MeetingSubjectPresenter/Lead 11/27/12Study Session 2014 Levy & Bond Planning Business Services 5/14/13Study Session Bond and Tech Levy Planning CBPTF and TAC 7/9/13Study SessionLevy & Bond UpdateBusiness Services 8/13/13Study SessionFeb 2014 Bond/LevyCBPTF and TAC 8/27/13Board Retreat CBPTF and TAC Recommendations Board & Superintendent 9/10/13Board ReportLevy & Bond RecapBusiness Services

Recommended Proposition Targets Educational Maintenance & Operations Levy $48.5M$49.5M$50.5M$51.5M Capital (Technology) Levy $8M Capital Bond Authority$177.5M

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. o Staff Professional Development & TRI Stipends o Special Education o Curriculum Adoptions o Transportation o Athletics and Activities Total: $200,000,000 over 4 years

Capital (Technology) Levy Renewal levy replacing expiring levy Technology Advisory Committee Recommendations o Instructional Instructional Computing Devices Professional Development and Digital Resources for Tech Integration Instructional Technology Coordinators and TOSAs Classroom Audio and Interactive Classroom Data Analytics o 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)

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

Projected Rates Assumption: Assessed valuation will grow at 3% per year Estimated Rates: YearRate 2013$ $ $ $ $5.15

Tax Rate Example Assumptions: $400,000 house (2013 value) AV Change: +3% per year (2014 thru 2018) Last Official Rate: 2013 Rate of $5.29 Home ValueRate Annual TaxIncrease 2013 $ 400,000 $ 5.29 $ 2, $ 412,000 $ 5.19 $ 2,138 $ $ 424,360 $ 5.18 $ 2,198 $ $ 437,091 $ 5.17 $ 2,260 $ $ 450,204 $ 5.16 $ 2,323 $ $ 463,710 $ 5.15 $ 2,388 $ 65 Average annual increase for new propositions $ Note: Above example does not take into consideration new homes being added to the tax rolls or increases in commercial business, both of which will result in decreased taxes for existing homeowners.

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