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Home My WebLink About08/28/2023 00. Misc. Distributed at the MeetingYakima School District Board and Yakima City Council: Joint Meeting Jake Kuper, Assistant Superintendent of Finance August 28, 2023 YAKIMA SCHOOL DISTRICT Strengthening Community Through Education Levy and Bond Overview School Bonds •Tax-exempt, receive proceeds up-front •20-25 years most common •Super Majority 60% •2023 Debt Capacity: $313,449,312 Capital Projects Levies •Common uses: Technology, Safety, Security, Athletic Fields, Repair Roofs, HVAC, Parking, etc. •Up to 6 years collection •Simple Majority 50% +1 Education Programs & Operations Levies •Flexible revenue from local taxpayers to supplement basic education, athletics, and other programs •Subject to levy lid laws: $2.50/$1,000 of assessed value •Up to 4 years collection •Simple Majority 50% +1 YAKIMA SCHOOL DISTRICT Strengthening Community Through Education Levy and Bond Overview Yakima School District Election Passage Rate History YAKIMA SCHOOL DISTRICT Strengthening Community Through Education Source: State of Washington, Office of Superintendent of Public Instruction, County Assessor Annual Report Property Values and School Taxes YAKIMA SCHOOL DISTRICT Strengthening Community Through Education Source: OSPI 1463-GF, 1463-BI, County Assessor Annual Report and/or Sample Ballot. *2024 voter approved Property Values and School Taxes Yakima School District EP&O Levy History - With Rollback YAKIMA SCHOOL DISTRICT Strengthening Community Through Education Source: State of Washington, Office of Superintendent of Public Instruction, County Assessor Property Values and School Taxes Yakima School District Tax rates / $1,000 YAKIMA SCHOOL DISTRICT Strengthening Community Through Education Property Values and School Taxes Yakima School District Tax Rates / $1,000 EP&O Projected Tax Rate at State Levy Lid $2.50/$1,000 Source: State of Washington, Office of Superintendent of Public Instruction, County Assessor, *preliminary, ^forecasted at 5.75% assessed value growth in 2024 followed by 4.5% YAKIMA SCHOOL DISTRICT Strengthening Community Through Education Property Values and School Taxes Yakima School District Projected Tax Rates as of 5-31-2023 fdsaf YAKIMA SCHOOL DISTRICT Strengthening Community Through Education Questions? Thank You!