Why does the bond not include a new high school south of the existing Henry M. Jackson High School?
Because of the high cost of building a new high school. If a new high school were part of this bond request, the cost for tax payers would more than double. A new high school could cost as much as $160 million dollars.
In 2014, voters were asked to approve a bond that included the first phase of a new high school and plans for future additions to that school over time. Although that proposal earned 58 percent majority approval, a bond requires 60 percent supermajority approval, so the bond in 2014 failed – once in February and again in April.
In follow-up community meetings, residents said the 2014 bond request was too much (the 2014 bond asked voters to approve $259.4 million compared to $149.7 million this April.) Those who attended meetings and took part in online discussions felt the district should take “smaller bites” with bond requests.
How does a bond process work?
First, 60 percent or more of the voters approve a specific amount (in this case $149,700,000) for the district to use for capital projects as outlined in the ballot language.
As the district works on construction projects, it sells municipal bonds to investors. These are usually large institutional investors. The district sells these at the lowest possible interest rate.
The interest rate is based on the district’s bond rating—the higher the bond rating, the lower the interest rate to sell the bonds. Everett Public Schools is one of the highest rated districts in the state. This means district taxpayers pay less
in school bond interest than do residents of districts with lower bond ratings.
What does it take to pass a bond or levy?
Levies require a simple majority, 50 percent plus 1, to pass. Bonds require 60 percent, a supermajority, to pass.
What will my tax rate be?
With the passage of the capital levy and bondin April 2016, the tax rate is projected to be $5.86 per $1,000 of property value. Tax collection of that $5.86 rate would begin in 2017.
Are there tax exemptions for some?
Yes, senior citizens (61+), veterans and disabled persons may qualify for property tax exemptions. To learn more visit the Snohomish County Assessor’s website.
How do I register to vote?
To vote in an election, you need to register the Monday 4 weeks before election day, if you are registering by mail or online, or the Monday 1 week before election day, if you are registering in person.
You can register online
, or you can pick up a voter registration form at any school or the Community Resource Center.
I have more questions. Who can I talk to for answers?
• You can send questions by email to BondAndLevy@everettsd.org
• You can call the communications department at 425-385-4040
• You can call the facilities and planning department at 425-385-4190
• You can send questions by email to the school board at email@example.com
• You can send questions by email to the superintendent at firstname.lastname@example.org