Down? Property Taxes for schools will go down even with new bond

Facilities Funding 11-6-17     <– PDF file data on the bond from the district

BETHEL SCHOOL DISTRICT — As school districts around the state gear up for bond and levy elections next year, the Bethel School District finds itself in a unique position.

In February, Bethel will be running a new $443 million bond and two levy renewals. But because of changes in state law, our financial advisor indicates that local school taxes will actually go down for our taxpayers in 2019, even if the levies are renewed and the new bond is approved.

The recent changes in state law have generated a more equitable funding model for districts throughout the state. This means that the state will now be collecting a tax to fund education, but that tax will actually be much lower than the amount we were authorized to collect in our previous maintenance and operations levies.

For more details, please check out the Capital Facilities Funding presentation attached.

As always, don’t hesitate to call or email me with any questions.

(Here is a link to a video about the tech levy)

— Doug Boyles Director of Communications Bethel School District  516 – 176th Street East Spanaway, WA 98387 W: 253.683.6049

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