Passage of Proposition No. 1 would authorize the Vashon Island School District to levy annually for four years excess property taxes to pay costs to acquire and install technology and equipment and operations upgrades and other capital improvements to school facilities, in place of an expiring levy. The taxes collected by this levy will be used to pay costs associated with implementing projects, including, but not limited to, acquiring, constructing and installing hardware and licensing software, online applications and training; the installation of equipment, fixtures, accessories and appurtenances, all as deemed necessary and advisable by the Board.
The proposed replacement would authorize the collection of taxes to provide $1,500,000.00 in 2021, $1,500,000.00 in 2022, $1,500,000.00 in 2023, and $1,500,000.00 in 2024. The tax levy rate required for the 2021 levy is $0.4337 per thousand dollars of estimated assessed valuation, the estimated levy rate for the 2022 levy is $0.4131 per thousand dollars of estimated assessed valuation, the estimated levy rate for the 2023 levy is $0.3972 per thousand dollars of estimated assessed valuation, and the estimated levy rate for the 2024 levy is $0.3819 per thousand dollars of estimated assessed valuation. 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.
