Passage of Proposition No. 2 would allow the levy of $750,000 in property taxes within Mercer Island School District No. 400 for collection in 2017, to enable the District to acquire school buses to meet projected population growth and allow for the retirement of older and more costly to operate buses. In accordance with Resolution No. 639 approving this proposition, these taxes would be deposited in the District’s Transportation Vehicle Fund to pay for the purchase of such new and replacement school buses. If authorized by the voters and based on projected assessed valuation information, estimated levy rates per $1,000 of assessed value would be $0.07 (2017 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