Maintenance and Operations Levy {YOUR} School District.
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Transcript of Maintenance and Operations Levy {YOUR} School District.
![Page 1: Maintenance and Operations Levy {YOUR} School District.](https://reader036.fdocuments.us/reader036/viewer/2022062511/5519c8cd55034649768b45de/html5/thumbnails/1.jpg)
Maintenance and Operations Levy {YOUR} School District
![Page 2: Maintenance and Operations Levy {YOUR} School District.](https://reader036.fdocuments.us/reader036/viewer/2022062511/5519c8cd55034649768b45de/html5/thumbnails/2.jpg)
Replacement of Expiring School Programs and Operations Levy
![Page 3: Maintenance and Operations Levy {YOUR} School District.](https://reader036.fdocuments.us/reader036/viewer/2022062511/5519c8cd55034649768b45de/html5/thumbnails/3.jpg)
How Levy Dollars are Spent ?Program Area Amount % Levy
RevenuesStaff FTE
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Tax Rate Vs. Assessed Valuation
20132012
20112010
20092008
20072006
20052004
2003 -
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
Assessed Valuation (100 million)Tax Rate
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{YOUR} M&O Tax Rates
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 20130
0.5
1
1.5
2
2.5
3
3.53.393
2.87963.1732
1.8528 1.99933
2.94415
Tax Rates
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Comparison of Tax Rates
Griffin
Mary
M Knigh
t
Olympia
Pioneer
Shelto
n
South
side
State Ave
rage
$-
$1.00
$2.00
$3.00
$4.00 $2.39
$3.47 $3.16 $2.33
$4.06
$2.94 $2.74
2013 Tax Rates
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Tax Amount Per Student
Griffin Mary M Knight
Olympia Pioneer Shelton Southside State Average
0
500
1000
1500
2000
2500
3000
3500
$2,483
$3,487
$2,438 $2,815$2,024 $1,785 $2,093
2013 Levy
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• 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)
Replacement of Expiring School Programs and Operations Levy
![Page 9: Maintenance and Operations Levy {YOUR} School District.](https://reader036.fdocuments.us/reader036/viewer/2022062511/5519c8cd55034649768b45de/html5/thumbnails/9.jpg)
Levy Amount Versus Levy Lid
20032004
20052006
20072008
20092010
20112012
2013 -
100,000.00
200,000.00
300,000.00
400,000.00
500,000.00
600,000.00
700,000.00
800,000.00
900,000.00
$784,576
$600,000
Levy LidLevy Amt
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• Up until 2014, {YOUR} has consistently levied below the State’s maximum allowable levy amount
Replacement of Expiring School Programs and Operations Levy
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Ballot Rate Versus Actual Rate
20012002
20032004
20052006
20072008
20092010
20112012
20132.2
2.3
2.4
2.5
2.6
2.7
2.8
2.9
3
3.1
Ballot RateActual Rate
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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
![Page 13: Maintenance and Operations Levy {YOUR} School District.](https://reader036.fdocuments.us/reader036/viewer/2022062511/5519c8cd55034649768b45de/html5/thumbnails/13.jpg)
• 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
Replacement of Expiring School Programs and Operations Levy
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Assessed Valuation
20092011
20130
5000000
10000000
15000000
20000000
25000000
Assessed Valuation#REF!#REF!
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• 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
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Comparison Districts Levy as Percent of Max
Distric
t 1
Distric
t 2
Distric
t 3
Distric
t 4
Distric
t 5
Distric
t 6
Distric
t 7
Distric
t 8
Distric
t 9
Distric
t 10
0.0%
20.0%
40.0%
60.0%
80.0%
100.0%
120.0%
Levy % of Max
Levy % of Max
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School District Comparison
Distric
t 1
Distric
t 2
Distric
t 3
Distric
t 4
Distric
t 5
Distric
t 6
Distric
t 7
Distric
t 8
Distric
t 9
Distric
t 10
0
1
2
3
4
5
6
7
8
LidLevy
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• 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
Replacement of Expiring School Programs and Operations Levy
![Page 19: Maintenance and Operations Levy {YOUR} School District.](https://reader036.fdocuments.us/reader036/viewer/2022062511/5519c8cd55034649768b45de/html5/thumbnails/19.jpg)
Proposed Amounts of Replacement Programs & Operations Levy (at LID)
Amount Rate2014 $31,750,000 current $4.082015 $40,100,000 proposed $5.052016 $41,900,000 proposed $5.182017 $43,800,000 proposed $5.312018 $45,700,000 proposed $5.43
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School District Comparison
Distric
t 1
Distric
t 2
Distric
t 3
Distric
t 4
Distric
t 5
Distric
t 6
Distric
t 7
Distric
t 8
Distric
t 9
Distric
t 10
0
500
1000
1500
2000
2500
Levy & LEA Total Per Student
Levy per Student
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Proposed Replacement Levy Amounts
Amount Proj. Rate
2014 $ Current $ 4.XX
2015 $ Proposed $ 4.XX
2016 $ Proposed $ 4.XX
2017 $ Proposed $ 4.XX
2018 $ Proposed $ 4.XX
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Tax Impact Analysis
• M&O replacement levy amount• State funding assistance (LEA)• Estimated tax rate
Assessed Value of Prop
Gross Property Tax Incr.
Monthly Gross Incr.
Net Tax Increase from M&O, net of Tax
Federal Income Tax Bracket
25% 28% 33% 35%
$150,000
$200,000
$250,000
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Proposed Replacement LevyImpact on 2015 Property Taxes
Home Value Est 2014 Levy ($4.XX)
Est 2015 Levy ($4.xx)
Increase over 2014
$100,000
$200,000
$300.000
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Recommendation
• Support proposed levy @ $1XXX,YYY with a projected rate of $4.xx per 1,000