Passage of Proposition 2 would authorize Tukwila School District to issue no more than $99,158,706 of general obligation bonds to: make District-wide health, safety, security and educational infrastructure improvements; renovate and expand Tukwila, Thorndyke and Cascade View Elementary Schools, Showalter Middle School and Foster High School; construct a Birth-to-Five Center and Transportation/Technology/Maintenance Facility; and acquire land as necessary for these sites.
The School Board determined that there is an urgent need for these capital projects due to: student safety and security concerns, deteriorating and outdated schools and educational infrastructure, State of Washington class size reduction requirements, and the institution of new educational programs. With passage of this proposition and issuance of bonds, the District anticipates receiving approximately $1,750,000 in State construction match to help complete these projects.
The last school-construction bonds approved by Tukwila residents in 1998 will be paid off in 2016; consequently, the District anticipates a decrease in the four-year average bond tax rate if this new bond measure passes. The bonds will be repaid from annual property tax levies in excess of regular property tax levies over a period of 20 years. The District anticipates a bond tax rate of approximately $1.87 per $1,000 of assessed value for the 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: Judith Berry, Assistant Superintendent, 206-901-8003, berryj@tukwila.wednet.edu
