Funding and Support Subcommittee September 25, 2013 Funding of Technology Funding and Support Subcommittee September 25, 2013

This brings us back to our model school house. You have viewed the data in chart form to hopefully give you a better idea of the cost and the funding of schools in the state of Washington. All of our programs are important and provided great services to our students. Challenging times require us to look at our priorities.

What is Assessed Value? $7.9 Billion The combined values of commercial and residential property in the school district boundaries. Current Assessed Value in the Auburn School District $7.9 Billion

What Makes Up Your Property Taxes? School Taxes General Fund Levy Debit Service Fund Levy Capital Projects Fund Levy Washington State Tax King County Tax Port of Seattle Tax City of Auburn, or Algona, or Pacific Fire District Other Taxing Districts – Noxious weed, Hospitals

Projections of Overlapping Tax Rate

Projections of Overlapping Tax Rates Assessed and Debt Capital Fiscal Estimated Actual General Service Projects Total Wash. King Port of City of Fire Other Year Value 2/ Fund District State County Seattle Auburn Pacific Algona Districts 2009 $9,977,727,040 $2.44 $1.66 $0.28 $4.38 $1.96 $1.10 $0.20 $1.49 $1.38 $6.28 $3.82 $21.71 2010 $8,886,234,190 $2.92 $1.35 $0.82 $5.09 $2.22 $1.28 $0.22 $1.82 $1.39 $1.52 $6.47 $3.79 $23.80 2011 $8,565,652,076 $2.88 $0.86 $1.19 $5.97 $2.28 $1.34 $1.93 $1.44 $1.68 $4.74 $4.20 2012 $8,146,014,682 $3.72 $0.98 $6.14 $2.42 $0.90 $0.23 $2.08 $1.61 $5.00 $4.05 $24.25 2013 $7,786,247,895 $3.96 $2.16 $0.50 $6.62 $2.33 $1.29 $2.73 $1.58 $1.63 $6.67 $3.65 $26.73 2014 $8,048,901,000 $2.37 $0.55 $6.97 $2.13 $1.21 $1.48 $0.99 $1.47 $6.71 $3.44 $24.62 2015 $8,209,879,000 $4.21 $1.81 $0.95 $24.30 2016 $8,374,077,000 $4.37 $0.40 $2.20 $25.68 2017 $8,541,559,000 $4.50 $0.39 $24.80 2018 $8,712,390,000 $4.63 $0.38 $1.95 $6.96 $25.07 Note 1: Sources of data are the King and Pierce County Departments of Assessments. Note 2: Ratio of total assessed to total estimated value is 100%. Assessed value is shown net of exempt property. Assessed and estimated actual value are the same amount.

Local School Taxes School Taxes General Fund Levy Known as Educational Programs Levy Must Be Voted on By Local Taxpayers Requires 50% +1 Funds Approximately 27% of Day-to-Day Operations Debt Service Fund Levy This fund pays the debt on Bond Issues Voters must Approve at 60% Capital Projects Fund Levy Funds Capital Improvements to Facilities, including Technology Transportation Vehicle Fund Levy

Combined Tax Rates

Projected Flat Tax Rate

Projected Flat Tax Rates

Projected Flat School Taxes Paid

Projected Flat School Taxes Paid

What Are the Areas that the Educational Programs Levy Funds?

What is a Debt Service Levy?

Debt Service Current Bond Issues Auburn Mountainview High School - Opened in 2005 Lakeland Hills Elementary - Opened in 2006 Arthur Jacobsen Elementary School - Opened in 2007 Auburn High School – Three Phases - Projected Completion 2016 Debt Service Pays the Investors in the Bonds Like the mortgage payment on your home.

Combined Debt Service

Combined Tax Rates

What is a Capital Projects Levy?

Capital Projects Levy Funds Capital Improvements to Facilities Recently Passed in 2009 – 6 year Levy for Capital Improvements Must Be Voted on By Local Taxpayers Requires 50% +1 Capital Projects Levies used to Fund Technology Most recent was in 2005 – 6 year Levy Funded technology for students, teachers, and staff Included some infrastructure enhancements Generally used for equipment and planning services

What is a Transportation Levy?

Transportation Levy Used to Purchase School Buses Most recent in 2005 – with opening of three new schools Must Be Voted on By Local Taxpayers Requires 50% +1 Can only be used to purchase buses Cannot be used for day-to-day operations (Fuel, maintenance, employee costs)

Where are the Funds for Support of Technology?

Day-to-Day Support General Fund Information Technology Staff Development Printing Supplies and Paper Service Contracts Fiber Optic Data Cost (Monthly) Software Applications Grants

Enrollment Projections

Other Capital Needs

Need a Consistent Funding Source What are the options?

Here is the Challenge $25.31 annually What does it take to raise $6 million in taxes to support technology? Assessed Value = $7.9 Billion Raise $1 million for 6 years What will the average taxpayer in Auburn pay? Assume - average home in Auburn AV is $200,000 $25.31 annually

What would it take to raise $10 million?