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$696 million school bond, levy: Decision time

How will homeowners' property taxes be affected?

 

February 6, 2020

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...



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