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Maintenance and Operations Levy {YOUR} School District

Maintenance and Operations Levy {YOUR} School District. Replacement of Expiring School Programs and Operations Levy. How Levy Dollars are Spent ?. Tax Rate Vs. Assessed Valuation. {YOUR} M&O Tax Rates. Comparison of Tax Rates . Tax Amount Per Student.

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Maintenance and Operations Levy {YOUR} School District

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  1. Maintenance and Operations Levy {YOUR} School District

  2. Replacement of Expiring School Programs and Operations Levy

  3. How Levy Dollars are Spent ?

  4. Tax Rate Vs. Assessed Valuation

  5. {YOUR} M&O Tax Rates

  6. Comparison of Tax Rates

  7. Tax Amount Per Student

  8. Replacement of Expiring School Programs and Operations Levy • While the 2013, {YOUR} Maintenance and Operations Tax Rate ($2.944) is comparable to the State Average ($2.74) it is below the {The Other} School District Rate ($4.06) • Furthermore, {YOUR} School District Collects less money ($1,785) than {The Other} ($2,024) of the State Average ($2,093)

  9. Levy Amount Versus Levy Lid

  10. Replacement of Expiring School Programs and Operations Levy • Up until 2014, {YOUR} has consistently levied below the State’s maximum allowable levy amount

  11. Ballot Rate Versus Actual Rate

  12. Replacement of Expiring School Programs and Operations Levy • Since 2003 and up until 2013, the {YOUR} Maintenance & Operations Levy Rate has been at or below the estimated rate • Exceeding the estimated rate was only due to significant, unanticipated declines in assessed values • Since 2003 and up until 2013, the {YOUR} Maintenance & Operations Levy Rate has been at or below $4.00 per $1,000 of assessed value

  13. Replacement of Expiring School Programs and Operations Levy • Preliminary assessed valuation data from Pierce County: • 2014 preliminary assessed valuations show an increase of 2.18% • For purposes of planning an increase of 2.18% for assessed valuation will be used for 2014 and 2% annually thereafter

  14. Assessed Valuation

  15. For 2013, {YOUR}’s levy was at 87.7% of the allowable levy lid • {YOUR} County school districts averaged 92.1% of the allowable levy lid • Excluding Clover Park (impact aid) and Steilacoom (online school) {YOUR} County school districts averaged 94.7% of allowable levy lid • Five districts were at 100% of allowable lid

  16. Comparison Districts Levy as Percent of Max

  17. School District Comparison

  18. Replacement of Expiring School Programs and Operations Levy • Current LID is 28.89% of “revenues” • LID is scheduled to drop to 24.89% in 2018 • Bill was introduced to reduce 1% per year but did not pass • If calculated LID is below voted levy amount • Board must reduce levy to LID by resolution

  19. Proposed Amounts of Replacement Programs & Operations Levy (at LID)

  20. School District Comparison

  21. Proposed Replacement Levy Amounts

  22. Tax Impact Analysis • M&O replacement levy amount • State funding assistance (LEA) • Estimated tax rate

  23. Proposed Replacement LevyImpact on 2015 Property Taxes

  24. Recommendation • Support proposed levy @ $1XXX,YYY with a projected rate of $4.xx per 1,000

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