If approved by voters, passage of Proposition No. 1 would authorize the Vashon Island School District No. 402, King County, Washington to issue general obligation bonds in an amount not to exceed $9,997,500, maturing within 21 years of the date of issue, for the purpose of making improvements to school facilities to provide the students of the District with adequate, proper and safe educational facilities, and to levy excess property taxes sufficient to pay the bonds.
Such improvements include upgrading the track and field at the High School, improving the Middle, Elementary and High Schools, constructing a new maintenance facility and making other capital improvements. The projects include necessary equipment, supplies, appurtenances, and services to complete the projects.
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 at 206.296.3920.