Passage of Proposition No. 1 would allow the levy of $6,218,558 in property taxes within Mercer Island School District No. 400 for collection in 2017, the levy of $6,218,558 for collection in 2018, the levy of $6,418,558 for collection in 2019, the levy of $6,518,558 for collection in 2020, the levy of $6,218,558 collection in 2021, and the levy of $6,838,558 for collection in 2022 to modernize its educational facilities and programs through the acquisition, implementation, and management of computer and technology systems, including infrastructure, hardware, software, online applications, and related training; and to maintain schools and support facilities by making needed infrastructure improvements. In accordance with Resolution No. 638 approving this proposition, these taxes would be collected over six years and deposited in the District’s Capital Projects Fund for acquiring and installing computer technology, related technology infrastructure, administrative expenses, and other necessary equipment purchases; and facility improvements. If authorized by the voters, and based on projected assessed valuation information, estimated levy rates per $1,000 of assessed value would be $0.59 (2017 collection); $0.56 (2018 collection); $0.56 (2019 collection); $0.55 (2020 collection); $0.50 (2021 collection); $0.54 (2022 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 questions about this measure, contact: R. Dean Mack, CFO/COO, 206-236-4522, dean.mack@mercerislandschools.org