Tuesday, January 2, 2024

UPDATED: King County Lowers Assessed Values / LWSD Planning $621.4 M Levy

 Good news is the King County Assessor is lowering assessed values in 2024 by ~20%.  Bad news is there could be a rush by local governments and agencies to float Bond and Levy measures this year.  

Case in point:  EvergreenHealth is planning a Bond measure to increase much needed beds. 

LWSD is planning a 2024 $621.4 million levy measure for school construction needs. These needs include both adding new student space and replacing aging facilities. This levy provides funding to build critical classroom space across our district and addresses aging schools:

Elementary Schools: Rebuild and expand Alcott Elementary and Smith Elementary, Add a new elementary school in Lake Washington area. Middle School: Rebuild or expand Kamiakin Middle School.  High School:  Build a fifth comprehensive high school.  Other:  Refurbish Juanita fieldhouse/pool, Add space for early learning. High School: Build a fifth comprehensive high school.  Other:  Refurbish Juanita fieldhouse/pool.

  • Step #3 – Renewal of Construction Levy (Future 2028)
    • Step #3 of the Building Excellence Plan funds $705 million or 36% of the identified school construction needs. These needs are new student space, replacing aging facilities, reducing our reliance on portables. This levy provides funding to build critical classroom space across our district and addresses aging schools:
      • Elementary School: Rebuild and expand Rockwell Elementary, add two new elementary schools (location TBD). 
      • Middle School: Rebuild or expand Evergreen Middle School.
      • High School: Add additional high school capacity to Lake Washington area (TBD). 
      • Other: Add space for early learning in Juanita area.

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