Passage of Proposition No. 2 would be at a projected lower tax rate and would allow Northshore School District No. 417 to borrow $425,000,000 by issuing general obligation bonds. In accordance with Resolution No. 840 approving this proposition, the bonds will pay for renovations, upgrades and new construction of school facilities to meet the needs of the growing District, decrease portables by one third, and improvements to energy efficiency of school buildings in the District. Capital projects include planning, developing, constructing and equipping renovations and additions at Crystal Springs, Fernwood, Kenmore, Maywood Hills, and Woodin Elementary Schools, plan phased replacement and undertake phase one at Leota Middle, and Inglemoor High Schools, add an accessible classroom addition at Sorenson Early Childhood Center, make health and safety upgrades, improve outdoor learning spaces, playfields, tracks, tennis courts, athletic fields, and inclusive playgrounds, classroom modifications, to meet instructional program needs. The bonds would be repaid out of annual property tax levies over a period of up to 21 years. The exact amount of such annual levies for these bonds would depend on the amount of principal paid each year and on the interest rates available at the time the bonds are sold.
Exemptions from taxes may be available to certain homeowners. To determine if you qualify, call your county assessor.
