If approved by voters, passage of Proposition No. 2 would authorize the Vashon Island School District No. 402, King County, Washington to levy excess property taxes sufficient to issue general obligation bonds in an amount not to exceed $3,500,000, maturing within 21 years of the date of issue, for the purpose of constructing a synthetic track and field and associated site modifications at the Vashon Island High School stadium. The project includes necessary equipment, supplies, appurtenances, and services to complete the project.
If approved by voters, the bonds under this Proposition No. 2 shall only be issued if the qualified electors of the District first approve Proposition No. 1.
Voter approval of the bonds includes approval of property tax levies for those bonds. Exemptions from taxes may be available to homeowners who are 61 or older, or disabled, and who meet certain income requirements. For more information, call the King County Department of Assessments at 206.296.3920.