1. M&O Levy Planning October 29, 2012 Jon Gores Senior Vice President (206) 389-4043 jgores@dadco.com Davenport School District No. 207

2. 1 Discussion Topics Election Results M&O Levy Scenarios

3. Davenport School District No. 207 2 Washington State Election Results—School Districts Only M&O Levies: 45 passed and 2 failed Capital Projects Levies: 15 passed and 2 failed Transportation Levies: N/A Bond Authorizations: 5 passed and 28 failed 2011 Election Results Source: Washington Secretary of State: Election and Voting website and individual County Auditor websites. 2012 Election Results M&O Levies: 164 passed and 6 failed Capital Projects Levies: 30 passed and 3 failed Transportation Levies: N/A Bond Authorizations: 10 passed and 6 failed

4. Davenport School District No. 207 3 Voting Patterns

5. Davenport School District No. 207 4 Voting Patterns

6. Davenport School District No. 207 5 Election History – Davenport SD

7. Davenport School District No. 207 Voting Patterns 6

8. Davenport School District No. 207 Voting Patterns 7

9. Davenport School District No. 207 8 Assessed Value

10. Davenport School District No. 207 9

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12. Davenport School District No. 207 Increase in Property Values Will Not Increase School District Tax Collections Changes in property values don’t change the amount of taxes authorized Local school taxes can only be increased by a vote of the people Changing property values will change tax rates, but not tax collections YearHome ValueTax RateTax Bill XYZ School District Home Value2011$100,000$5.00/$1,000$500 Assume a 20% increase in Assessed Value for XYZ School District #1: 20% increase2012$120,000$4.17/$1,000$500 #2: 10% increase2012$110,000$4.17/$1,000$459 #3: 30% increase2012$130,000$4.17/$1,000$542 11

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