Seattle Public Schools requests voter approval of a capital levy of $694.9 million for the Building Excellence Program, Phase IV. The proposed levy will replace an expiring levy.
Passage of Proposition No. 2 would allow the levy of taxes over a six year period to pay for construction measures for earthquake and other safety projects at 37 schools, to construct, renovate, replace or make additions to 11 elementary schools, one middle school and one K-8 school, construction of building condition and infrastructure improvements and major preventive maintenance at 20 schools, and acquisition and installation of technology improvements and other capital improvements throughout the district to meet the current and future educational needs of its students. Such funds may be used only to support the construction, modernization, remodeling to school facilities or technology improvements and training.
The total amount to be collected will be $115,816,667 annually, to be collected in each of the six years commencing 2014 through 2019. The estimated levy rates per $1,000 of assessed value will range from $1.00 per one thousand for 2014 collections to $0.82 per one thousand for 2019 collections. The exact levy rate will be adjusted based upon the actual assessed value of the property within the District at the time of the levy.
For additional questions regarding this measure contact: Ron English - General Counsel 206-255-5904 • renglish@seattleschools.org