During the Sept. 14, 2023 School Board meeting, the board heard updates and discussed topics including a work study session about a potential future bond measure; updates about Operations Departments; introduction of new administrators and Student Representatives to the School Board; work to implement the Strategic Plan; refunding of prior bond interest rates; and other agenda items.
Bonds and Levies
In the Issaquah School District, we are very grateful to voters for their ongoing support of school operation levies and bonds. The children of our community benefit every day from the resources provided by you, the voters and taxpayers.
Why are voters asked to approve levies every two to four years?
By law, operations levies can only be proposed for a period of four years or less. Typically, school districts propose levies of two, three, or four years. After the allotted number of years, the levy expires. Voters must approve a renewal of funding, or local financial support for schools ends. Generally, the levy you are voting on simply replaces one that is about to expire.
At the Jan. 26 School Board meeting, staff and directors reviewed budget reductions from the two past years; discussed the draft Budget Development Guidelines; heard an update about district demographics; heard student input about Executive Limitation 14 regarding instruction; approved a monitoring report about Ends 2 (Academics & Foundations), Part 2; discussed works in progress; and other topics.
On Nov. 9, 2022 our district refinanced our 2012 bonds, totaling $50.49 million. This refinancing will save you, as ISD taxpayers, a total of $2 million during the next five years. Superintendent Tow-Yick shared that these savings flow directly to taxpayers through reduced tax levies and are not available for district expenses. “This is a direct savings to our community members in the form of taxes they expected, but will not have to pay,” Tow-Yick said.
The Issaquah School Board held a regular meeting Thursday, Sept. 22. Topics discussed and action taken included the approval of Resolution 1193 Bond Refunding, a review of the first month of school from Superintendent Tow-Yick, a review of the School Board Retreat and more.
On Friday, May 6, the King County Elections Department certified the results of the April 26 Special Election. The official final election results show that 23,123 ballots were counted, representing 31.31% of the registered voters.
Special Election results posted Friday by King County Elections show all three of our proposed levy measures passing with more than the required 50% plus one vote. Slightly more than 23,000 ballots have been counted, the elections department reports. The results are scheduled to be certified on May 6.