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Pasco board weighs shorter replacement levy; asks staff to prepare 2- and 3-year scenarios
Summary
Board members signaled support for a shorter-term replacement levy amid uncertain assessed-value growth and directed staff to prepare two- and three-year levy scenarios to preserve levy-equalization funds while managing tax-rate volatility.
The Pasco School Board on Tuesday discussed options for its replacement levy and directed district staff to prepare scenarios for two- and three-year levies rather than a four-year package, citing uncertain real-estate assessed-value growth and the need to manage local tax rates.
Dr. Castilleja, the district staff member leading the levy briefing, reviewed the levy’s recent history and explained the role of state levy equalization (LEA). “We must have a voter approved levy of at least $1.5 to receive the LEA,” Dr. Castilleja said, noting that the district expects to collect about…
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