$696 million school bond, levy: Decision time
How will homeowners' property taxes be affected?
Last updated 2/6/2020 at 9:29am
Is the Edmonds School District board asking too much in its almost $696 million capital construction bond and replacement capital/technology levy, both on the special Feb. 11 ballot?
Or, as the district insists, that homeowners will not see any change to their property taxes?
A bond requires 60% approval, while a levy requires a simple majority.
Here's the district's somewhat complex view:
The district said it will maintain a level tax rate. To maintain a level tax rate for the proposed 2020 bond, it has structured bond issues on a cycle that allows for older bonds to be paid off just as ne...