SOUTH WHIDBEY SCHOOL DISTRICT: Reasons to vote NO on the bond measure (BONDNO.COM)
BondNo.com is a website that opposes several school bond measures in Washington state, including the South Whidbey School District bond measure on the April ballot. Below is an excerpt from their argument.
The district’s example for the cost impact estimate [of $348.96 a year] for a home [valued at $500,000] is not quite correct. The district uses a fictitious home with an AV (assessed value) of $500,000 that supposedly keeps that AV for all future and past years. And this while the district assumes the Total AV (of all other properties) to nearly double over the course of this bond repayment schedule. This is why the district underestimates the cost impact to taxpayers. The district should have allowed the example property to grow at the same pace as the assumed Total AV growth.
A more reasonable example for a sample property with an AV of $500,000 as of 2023 follows: The property owner can expect a total cost of $9,300 over 20 years: $5,600 in bond principal and $3,700 in bond interest. The payment for this one bond would start out at $350 for 2024 and then steadily rise until reaching $600 in 2042 for an average annual tax of $466 for the next 20 years.
On the Ballot in November 2023
| SOUTH WHIDBEY SCHOOL DISTRICT (NO. 206) |
| Directors: Three of the five director positions are scheduled to be on the ballot. Position 1: Joe Greenheron. Candidates for Position 1 must live in director district 1; see the map at this link. Director Greenheron was appointed after the resignation of Damian Greene. This election will be for the remainder of Greene’s term, which ends Dec. 31, 2023, and the succeeding four-year full term, which ends Dec. 31, 2027. Position 3: Brook Willeford. Candidates for Position 3 must live in director district 3; see the map at this link. Position 4: Marnie Jackson. Position 4 is an “at large” position; candidates may live anywhere in the district. |
