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Board advances planning for 2026 bond and levies; staff presents scenarios and enrollment update
Summary
District staff presented bond-size scenarios ($375M–$700M), a tech-levy planning assumption, and enrollment/staffing projections. Board members indicated support to continue planning to run a bond, EP&O levy and a tech levy in February 2026 pending final package and community outreach.
Deputy Superintendent Bergey told the Northshore School District board the district and its financial advisers (ESD 112) modeled multiple bond scenarios for a potential 2026 ballot measure, enrollment projections and a staffing update.
Bergey said the district will sell the final $75,000,000 tranche of voter-authorized bonds from the 2022 authorization this spring. Staff modeled four 2026 authorization scenarios ranging from $375,000,000 to $700,000,000 and assumed a four-year technology levy at $30,000,000 per year for planning purposes. Bergey said assessed-value growth was modeled conservatively (about 4.54% per year), interest-rate assumptions used current-market rates plus 0.75 percentage points, and debt repayment was modeled over 21 years.
“We are selling the last $75,000,000 of the bonds that were authorized by the voters in 2022,” Bergey said. Staff showed projected combined tax-rate impacts per $1,000 of assessed value for each scenario and explained…
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