Passage of Proposition No. 1 would allow the levy of $1,300,000 of property taxes within the Shoreline School District for collection in 2012, the levy of $1,400,000 of taxes for collection in 2013, and the levy of $1,500,000 in taxes for 2014. The purpose of the levy is to support class size in response to State budget reductions. This supplemental levy is in addition to the maintenance and operation levy, approved by the voters in the February 2010 election, on all taxable property within the District. The taxes approved by this proposition would be deposited in the Shoreline School District’s General Fund and expended to support class size. If authorized by the voters and based upon current assessed valuation information, the estimated levy rates per $1000 of assessed value would be $0.09 (2012 collection); $0.09 (2013 collection) and $0.10 (2014 collection).