BONDS AND LEVIES
OVERVIEW OF BONDS AND CAPITAL PROJECTS LEVIES
Bonds are the primary method used by Washington school districts to finance the "local share" of major capital projects because:
Cash is generated upfront.
Payments can be spread over time.
Districts have some control over taxpayer impacts.

Voter-Approved Unlimited Tax General Obligation (UTGO) Bonds
New revenue created
Repaid with property taxes
Approved with a 60% yes vote, 40% validation
5% debt capacity
40-year maximum term (match useful life of asset)
May only be submitted to voters twice in a calendar year
Non-Voted Limited General Obligation (LGO) Bonds
Repaid with existing revenue
Can't be used for "new" construction
3/8 of 1% debt capacity
A public hearing is required if more than $250,000.
Capital Projects Levies
One to six-year collection cycle
Pay costs to construct, modernize, or remodel school facilities (including technology improvements)
Additional capital projects levy may be authorized for the same period (e.g., technology and new roof)
No interest cost
Possible life cycle mismatch
Simple majority (50% + 1)
If a capital projects levy fails, it may be resubmitted to voters only once in the same 12-month period.
PROPOSED LEVIES- CURRENT
None
NON-APPROVED BONDS - RECENT
November 7, 2023 | Replacement Byron Kibler/JJ Smith combined facility, Safety and Security upgrades district-wide, and Priority maintenance of existing facilities - Non-approved with 35.46% approval
February 14, 2023 | Replacement Byron Kibler Elementary with Birth to Five Center, New Ten Trails Elementary, Performing Arts Center, Athletic Complex, and Safety, Security, Educational Building, and District Asset Upgrades - Non-approved with 24.73% approval
NON-APPROVED LEVIES - RECENT
No EP&O levies were non-approved from February 7, 2006, to the last levy on February 8, 2022.
Capital Levies
April 22, 2025 | Critical Maintenance Capital Levy
EP&O Levies
None, see Historical levy Data below.
Transportation Vehicle Levies
None, see Historical levy Data below.
VOTER APPROVED BONDS - RECENT
Previous bonds that we have digital resources for are listed and linked below.
VOTER APPROVED LEVIES - RECENT
Previous levies that we have digital resources for are listed and linked below.