Passage of this proposition would authorize Highline School District to issue no more than $385,065,156 of general obligation bonds to: rebuild Highline High School, construct two new middle schools, construct a new Des Moines Elementary School at Zenith, make critical improvements at Evergreen and Tyee Campuses, and make District-wide health, safety, security, arts, technology, and other capital improvements.
The School Board determined that there is an urgent need for construction of new schools and replacement and renovation of existing schools due to: overcrowding, deteriorating and educationally outdated infrastructure and schools; and the needs of the District’s educational programs. With passage of this proposition and issuance of bonds, the District anticipates receiving approximately $78,559,890 in State match and FAA noise mitigation to help complete these projects.
The bonds will be repaid from annual property tax levies in excess of regular property tax levies over a period of 21 years. The District anticipates a tax rate increase (over the existing rate) of approximately $1.12 per $1,000 of assessed value through 2021, or $226.92 per year (or $18.91 per month) for a $201,900 home. With this tax rate increase, the total bond tax rate will be approximately $3.15 through 2021, and thereafter, the rate will fluctuate slightly up and down for the remaining life of the 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 206.296.3920.
For questions about this measure, contact: Duggan Harman, Chief of Staff and Finance, 206-631-3078, duggan.harman@highlineschools.org