The Sedro-Woolley School Board approved a resolution on Nov. 8 asking voters to maintain the Education Programs & Operations (EP&O) Levy.
Local school levies must be renewed by voters. The current levy, which expires in 2022, collected $2.50 per $1,000 of assessed property value. The district expects to collect approximately $11,259,099 in 2022, which is lower than the voter approved cap of $13,667,841.
The proposed levy will collect $11,919,069 in 2023, $12,515,023 in 2024, $13,140,774 in 2025 and $13,797,813 in 2026. These are the capped amounts or lids based on a 5% growth projection per year of the community’s assessed value.
Even though the district has a $2.50 rate, it won’t be able to collect more than the capped amounts approved in the board’s resolution. If the community’s assessed value increases, the $2.50 rate would actually be substantially less.
Washington state funds schools based on a “prototypical model”, representing the Legislature’s assumptions of what resources are required to provide students with a basic education.