Lake Washington School District requests voter approval to sell $755,000,000 in general obligation bonds to finance renovations, upgrades and new construction of school facilities, including elementary, middle and high school buildings and construct new replacement school buildings in the District. Projects include acquiring, constructing and equipping new schools to accommodate an expected increase in enrollment of 4,000 students over the next eight years including three new elementary schools, a new middle school, an East Side internationally focused secondary school, a West Side STEM (science, technology, engineering and mathematics) focused secondary school, an addition to Lake Washington High School, an addition to Eastlake High School; and modernizing and replacing (including equipping) Juanita High School, Evergreen Middle School, Kamiakin Middle School, Kirk Elementary, Mead Elementary and Rockwell Elementary. The bonds would be repaid out of annual property tax levies over a period of up to 20 years. The exact amount of such annual levies for these bonds would depend on the amount of principal paid each year and on the interest rates available at the time the bonds are sold.
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 206-296-3920.
For additional questions regarding this measure contact: Kathryn Reith - Communications Director 425-936-1342 • kreith@lwsd.org