Passage of Proposition No. 1 would allow the levy of $4,500,000 in property taxes within Northshore School District for collection in 2011, the levy of $2,300,000 in taxes for collection in 2012, the levy of $2,600,000 in taxes for collection in 2013 and the levy of $2,600,000 in taxes for collection in 2014. This supplemental levy is in addition to the levies approved by the voters in the February 2010 election, on all taxable property within the District. In accordance with Resolution No. 621 approving this proposition, these taxes would be deposited in the Northshore School District’s General Fund to pay part of the educational maintenance and operations support of the District. If authorized by the voters and based on current assessed valuation information, estimated levy rates per $1,000 of assessed value would be $0.20 (2011 collection); $0.10 (2012 collection); $0.11 (2013 collection) and $0.11 (2014 collection).