Passage of Proposition No. 2 would replace an expiring levy, would be in place for five years and would be used for technology improvements and major maintenance on existing schools and other Bellevue School District facilities. Passage would allow the levy of $10,000,000 in property taxes within Bellevue School District No. 405 for collection in 2015, the levy of $26,000,000 for collection in 2016, the levy of $26,000,000 for collection in 2017, the levy of $26,000,000 for collection in 2018, and the levy of $16,000,000 for collection in 2019. In accordance with Resolution No. 13-24 approving this proposition, these taxes would be deposited in the District’s Capital Projects Fund to pay for improving and upgrading its educational facilities through the acquisition, installation, implementation and management of computer technology and technology systems, and construction, renovation, maintenance, improvements and expansion of new and existing facilities including portable classrooms. If authorized by the voters and based on projected assessed valuation information, estimated levy rates per $1,000 of assessed value would be $0.24 (2015 collection); $0.61 (2016 collection); $0.59 (2017 collection); $0.57 (2018 collection); $0.34 (2019 collection). The exact levy rate shall 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: Melissa deVita - Deputy Superintendent 425-456-4025 • devitam@bsd405.org