• Value – A community investment

    UPDATE: The Mercer Island Community approved this bond measure in February 2014.
    The value of the bond is $102.6 million, but the state of Washington will provide $3.8 million in matching funds under the Credit Enhancement Act, meaning the obligation to Mercer Island residents is $98.8 million.

    If successful, the bond would increase property taxes by $0.25 per thousand dollars of assessed property value, or about $250 additional per year on a $1 million Mercer Island property for the next 17 years, to pay for three overcrowding solutions at the elementary, middle and high school levels.
    Read about the value of the levy proposition by clicking here.