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

3. 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.

4. 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

5. 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

6. Projections of Overlapping Tax Rate

7. 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.

8. 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

9. Combined Tax Rates

10. Projected Flat Tax Rate

11. Projected Flat Tax Rates

12. Projected Flat School Taxes Paid

13. Projected Flat School Taxes Paid

14. What Are the Areas that the Educational Programs Levy Funds?

16. What is a Debt Service Levy?

18. 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.

19. Combined Debt Service

20. Combined Tax Rates

21. What is a Capital Projects Levy?

23. 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

24. What is a Transportation Levy?

25. 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)

26. Where are the Funds for Support of Technology?

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

28. Enrollment Projections

29. Other Capital Needs

30. Need a Consistent Funding Source
What are the options?

31. 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

32. What would it take to raise $10 million?