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Difference between revisions of "School bond and tax elections in Washington"

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(Washington levy limit)
Line 2: Line 2:
  
 
* To exceed the state mandated levy cap protected by the [[Washington Constitution]]
 
* To exceed the state mandated levy cap protected by the [[Washington Constitution]]
 +
* To issue new bonding.
  
 
==Laws affecting school finance==
 
==Laws affecting school finance==

Revision as of 17:44, 16 December 2009

School bond and tax elections in Washington happen under one circumstance:

Laws affecting school finance

Washington levy limit

The Washington Constitution in Article VII, Section 6 limits any taxing entity including school districts to only up to one and half percent of the value of property. Any school district that seeks to exceed the cap must seek approval from the voters in order to exceed the one percent cap[1].

School districts can also be indebted up to five percent for the purpose of capital outlays without voter approval[2].

Washington state is different from other states as they express a state debt limit in percentage form over a millage rate.

External links

References

  1. "Washington Legislature" Washington Constitution(Referenced Section Article VII, Section 6)
  2. "Washington Legislature" Washington Constitution(Referenced Section Article VII, Section 6)