1. Maintenance and Operations Levy {YOUR} School District

2. Replacement of Expiring School Programs and Operations Levy

3. How Levy Dollars are Spent ? Program AreaAmount% Levy Revenues Staff FTE

4. Tax Rate Vs. Assessed Valuation

5. {YOUR} M&O Tax Rates

6. Comparison of Tax Rates

7. Tax Amount Per Student

8. 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

9. Levy Amount Versus Levy Lid

10. Up until 2014, {YOUR} has consistently levied below the States maximum allowable levy amount Replacement of Expiring School Programs and Operations Levy

11. Ballot Rate Versus Actual Rate

12. 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

13. 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

14. Assessed Valuation

15. 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

16. Comparison Districts Levy as Percent of Max

17. School District Comparison

18. 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

19. Proposed Amounts of Replacement Programs & Operations Levy (at LID)

20. School District Comparison

21. Proposed Replacement Levy Amounts AmountProj. Rate 2014$Current$ 4.XX 2015$Proposed$ 4.XX 2016$Proposed$ 4.XX 2017$Proposed$ 4.XX 2018$Proposed$ 4.XX

22. 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

23. Proposed Replacement Levy Impact on 2015 Property Taxes Home ValueEst 2014 Levy ($4.XX) Est 2015 Levy ($4.xx) Increase over 2014 $100,000 $200,000 $300.000

24. Recommendation Support proposed levy @ $1XXX,YYY with a projected rate of $4.xx per 1,000