Passage of Proposition No. 2 would replace an expiring levy and allow the levy of $2,750,000 in property taxes within Tahoma School District No. 409 for collection each year in the years 2019 through 2022, inclusive, to fund construction, renovation, improvement and expansion of new and existing facilities, to make improvements to technology equipment and training, and modernize educational facilities, including but not limited to enhancing infrastructure, acquiring hardware, licensing software, and implementing online applications and training related to the installation of the foregoing as an integral part of the District’s technology systems, facilities, or projects; and the application and modernization of technology systems for operations and instruction including, but not limited to, the ongoing fees for online applications, subscriptions, or software licenses, including upgrades and incidental services, and ongoing training related to the installation and integration of these products or services, and other capital project expenditures as approved by the Board of Directors. These taxes would be collected in the 2018-2019 through 2021-2022 school years, inclusive, and deposited in the District’s Capital Projects Fund for such improvements to meet the current and future educational programs for its students. If authorized by the voters, and based on projected assessed valuation information, estimated levy rates per $1,000 of assessed value would be $0.39 (2019 collection), $0.35 (2020 collection), $0.32 (2021 collection) and $0.29 (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.