• 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.
     
    Prop-1  
     
    Read about the value of the levy proposition by clicking here.
     
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