Sep 28, 2021 September 28, 2021 Study Session - 4:00 p.m.

[1. Call to Order]

[00:00:08]

>>OKAY, HOLD ON HERE. NOW HAVING THAT SAYS THERE WE GO. GOOD EVENING. I WILL CALL THE ORDER OR MAYBE GOOD AFTERNOON STILL. THE OCTOBER 28, 2021 LINK WASHINGTON SCHOOL STUDY WORD SESSION. LET THE RECORD REFLECT THE ALL BOARD MEMBERS ARE PRESENT AND PARTICIPATING REMOTELY. THERE'S BEEN A RECENT UPDATE TO THE GUIDELINES FOR ATTENDING PUBLIC MEETINGS.

PROCLAMATION 20Ö0.15 OF THE OPEN PUBLIC MEETINGS ACT AND PUBLIC RECORDS ACT. THE PROCLAMATION EXTENDS TO PROHIBITION ON IN-PERSON MEETINGS, BUT CREATES AN EXEMPTION FOR PUBLIC MEETINGS THAT CAN COMPLY WITH THE GUIDELINES FROM BUSINESS MEETINGS DOWN TO THE MISCELLANEOUS VENUES GUIDANCE. THE MISCELLANEOUS GUIDANCE PROVIDES THAT IN PERSON PUBLIC MEETINGS ARE PERMITTED WITH THE RESTRICTIONS AND CAPACITY AND NOT PHYSICAL DISTANCING REQUIREMENTS. BUT ALL CURRENT FACE COVERING REQUIREMENTS MUST BE AS FOLLOWS. THE BOARD VALUES PUBLIC PARTICIPATION AND ENGAGEMENT IN THE MEETINGS TO THE BOARD. THE BOARD WILL CONTINUE TO COMPLY WITH ALL LAWS RELATING TO PUBLIC MEETINGS ACT. IN CURRENT EMERGENCY REQUIREMENTS RELATING TO THE MISCELLANEOUS VENUES.

IF THIS GUIDANCE AND ALL REQUIREMENTS RELATING TO COVID-19 CANNOT BE MET, THE BOARD MUST HOLD ITS MEETINGS REMOTELY. AND PROVIDE ACCESS VIA LIVE STREAM AND/OR AUDIO.

IN A RECENT NONCOMPLIANCE OF BOARD MEETINGS, THE BOARD IS DETERMINED TO HOLD THE MEETINGS REMOTELY. THE BOARD WILL NOTIFY THE PUBLIC OF LOCATION OF MEETINGS. THE BOARD MEETINGS TAB ON BOARD DOCS, WHICH IS AVAILABLE IN ELLIS W WEBSITE. AT THIS TIME, IT IS PLANNED THAT ALL BOARD MEETINGS GET OCTOBER, NOVEMBER, AND NOVEMBER WILL BE HELD REMOTELY AND LESS THERE ARE CHANGES IN THE GUIDANCE PROVIDED. OARD MEETING STUDY SESSIONS AND SPECIAL BOARD MEETINGS CONTINUE TO BE LIVE STREAMED ON THE L SWD WEBSITE. COMMUNITY MEMBERS ARE UNABLE TO STREAM THE MEETING, THEY MIGHT CALL TO LISTEN AT 425 962813. THE ID

[1. Bond and Levy Planning]

DOCTOR, CAN YOU GET US STARTED? >>ABSOLUTELY. SO, TONIGHT IS SIR, DID YOU HAVE A QUESTION? OKAY. I THOUGHT YOUR QUESTION BEFORE WE GET STARTED. TONIGHT IS REALLY THE NEXT PHASE OF OUR DISCUSSION AS WE CONTINUE TO NARROW IN ON A REALLY RECOMMENDATION THAT WILL COME TO THE BOARD AS A RESOLUTION AT A FORMAL BOARD MEETING FOR THE BOARD TO ADOPT FUNDING MEASURES. TARGETING FEBRUARY 2022. HAS THE TARGET DATE TO HAVE SOMETHING ON THE BALLOT. AND SO, WE ARE REALLY AT THE POINT WHERE WE DO HAVE TO START NARROWING IN REALLY WHAT IT IS THAT WE ARE GOING TO PUT FORWARD.

O THAT IT CAN BE APPROVED. SO THAT WE CAN START OUR PROCESSES TO GET THE ON THE BALLOT. BUT ALSO START OUR INFORMATIONAL CAMPAIGN IS A SCHOOL DISTRICT TO MAKE SURE THAT OUR COMMUNITY AND PUBLIC IS AWARE. OF WHAT THE BOARD HAS PUT FORWARD. AND SO THAT WE CAN PROVIDE INFORMATION AND CONTEXT FOR THE TOTAL LEVY AND/OR BOND THAT WE ARE CONSIDERING. AND SO, TONIGHT, WE HAVE A FEW DIFFERENT COMPONENTS THAT WE WANT TO WORK THROUGH. ONE, I DO WANT TO PROVIDE INFORMATION AROUND MY RECOMMENDATION FOR EDUCATIONAL PROGRAMS AND OPERATIONS LEVY AND THE CAPITOL PROJECTS LEVY. WE WANT TO TALK THROUGH THE DIFFERENT CONSTRUCTION COMPONENTS. WE HAVE UPDATED THE INFORMATION FROM OUR LAST STUDY SESSION. TO HAVE A CONSISTENT POINT IN TIME WHERE THE FUNDS WOULD BE CAPTURED WITHIN EACH OF THE DIFFERENT FUNDING MECHANISMS. WE ALSO HAVE BROUGHT BACK DIRECTOR STEWART'S IDEA AROUND LEVY LEVY BOND. O, WE HAVE MAPPED THAT OUT.

WE HAVE ALSO MAPPED OUT EACH OF THE PROJECTS ÃÃI WILL SAY A PSEUDO-PRIORITY ORDER. IN TERMS OF WHEN THEY COULD BE FUNDED. GIVEN EACH OF THE DIFFERENT FUNDING STREAMS. AND SO, WITH THAT, BARBARA IS HERE THIS EVENING. TO SHARE IN THE PRESENTATION WITH ME. AND SO, BARBARA, DO YOU WANT TO GO AHEAD AND SHARE YOUR SCREEN AND YOU CAN DRIVE THE PRESENTATION

AND YOU WANT TO OPEN THIS UP WITH THE FIRST FEW SLIDES? >>YES, LET ME SHARE MY SCREEN

AND æ >>ALL RIGHT, THUMBS UP. HOPEFULLY YOU CAN SEE.

[00:05:05]

O, TONIGHT, WE WANT TO MAKE SURE THAT THE BOARD IS UNDERSTANDING THE SUPERINTENDENT'S RECOMMENDATION FOR EP AND ELLEN CAPITOL PROJECTS.

>>WE ALSO WANT TO MAKE SURE THAT THE BOARD UNDERSTANDS THE MULTIPLE VARIABLES IMPACTING THE DECISIONS ABOUT THE 2022 FUNDING MEASURES. PROVIDE DIRECTION RELATED TO CONSTRUCTION FUNDING STRATEGIES. AND PROVIDE DIRECTION RELATED TO FUNDING MEASURE TIMING. AND THEN, PLANNED TIMELINE IS THAT WE REVIEW THE PRELIMINARY RESOLUTIONS AT THE OCTOBER 4 BOARD MEETING, WHICH IS MONDAY AND THEN FINAL ACTION ON THOSE RESOLUTIONS WOULD BE THE SECOND BOARD MEETING IN OCTOBER, WHICH IS OCTOBER 18. SO, THAT'S THE AGENDA FOR TONIGHT. ND SO, JUST OUR GUIDING QUESTION. WE WANT TO START WITH GOING OVER THE PIANO AND CAPITOL PROJECTS LEVY RECOMMENDATIONS.

>>AND GREAT SO, I WILL JUST ÃÃ YOU WILL KNOW THE NATURAL PLACE TO MOVE AHEAD. AND IF NOT, I WILL ASK YOU TO MOVE FORWARD. SO, I BROUGHT MUCH OF THIS TO YOU PREVIOUSLY. I JUST WANTED TO REVISIT THE CONTEXT FOR WHICH, AS I'VE THOUGHT ABOUT EDUCATIONAL PROGRAMS AND OPERATIONS, AND THE CAPITOL OBJECTS LEVIES. THIS KIND OF WHAT REALLY IS SHAPING MY RECOMMENDATION TO THE BOARD. AND SO, FOR ME, IT STARTS WITH THE BOARD FOR THE POLICIES.

THE OPERATIONAL EXPECTATIONS, THE PARAMETERS WITH WHICH THE BOARD HAS SET FOR AND EXPECT ME TO OPERATE WITHIN. SINCE THIS SLIDE WAS CREATED, YOU HAVE ALSO ADOPTED OT 14. WHICH IS ANOTHER CONTEXTUAL FACTOR IN THINKING ABOUT THE WORK THAT WE WANT TO DO AS A DISTRICT.

GOING TO GO AHEAD AND CLICK.. THE OVERALL OPERATIONAL EXPECTATIONS IN THE WORK OF THE OVERALL DISTRICT IS ALWAYS DRIVING TOWARDS THE RESULTS. AT THE BOARD HAS ADOPTED. AS REALLY THE TARGETS THAT WE ARE FOCUSED ON. AND SO, ONLY THINK ABOUT RESULTS AND ONE OF THE DISTRICT. ENSURING THAT EACH STUDENT GRADUATES. NOT JUST SOME AND NOT JUST WE HOPE MOST.

EACH AND EVERY STUDENT IS TRULY WHAT WE ARE TARGETING. WHEN WE THINK ABOUT THE RESULTS THAT THE BOARD IS EXPECTING. AND WE KNOW TO BE ABLE TO ACCOMPLISH RESULTS, BOTH RESULTS TWO AND THREE REALLY DO FEED INTO THAT BECAUSE IT'S ABOUT THE ACADEMIC CONTENT AND KNOWLEDGE. AND SKILLS THAT STUDENTS POSSESS. BUT IT'S ALSO THE TYPE OF GRADUATE THAT WE ARE GRADUATING STUDENT THAT ARE TRULY PREPARED FOR THE FUTURE WITH THE SKILLS AND CITIZENSHIP ATTRIBUTES THAT ALLOW THEM TO ATTEND COLLEGE AND TO BE GLOBAL CITIZENS. AND WORK AND BE PRODUCTIVE IN THEIR COMMUNITIES AND THEIR SOCIETIES. AND SO, IT REALLY IS THIS FRAME THAT I THINK ABOUT WHAT WE WANT TO BE AS A DISTRICT. AND SO, AGAIN, OUR MISSION IS ABOUT GRADUATING EACH AND EVERY STUDENT. OUR VISION ISN'T ABOUT JUST GRADUATION, BUT IT'S ABOUT GRADUATING STUDENTS THAT ARE FUTURE READY. YOU CAN GO AHEAD AND CLICK TO THE NEXT SLIDE.

STUDENTS BEING FUTURE READY IS THAT REALLY THAT HOLISTIC APPROACH TO THE RESULTS.

STUDENTS THAT ARE PREPARED FOR COLLEGE. STUDENTS THAT ARE PREPARED FOR THE GLOBAL WORKPLACE AND PREPARED FOR PERSONAL SUCCESS. THESE ARE VERY LOFTY GOALS. AND WE KNOW THAT WE WILL ALWAYS BE STRIVING FOR THIS. BECAUSE ONLY THINK ABOUT EACH AND EVERY STUDENT, THAT WORK IS ALWAYS ONGOING AND CONTINUOUS. BECAUSE WHETHER IT'S A STUDENT STARTING WITH US AS EARLY AS BIRTH AND THREE. 3¥ OR KINDERGARTEN. OR WHETHER IT'S A STUDENT COMING IN MAYBE AS A SOPHOMORE IN HIGH SCHOOL. THESE SAME COMMITMENTS APPLY TO ABSOLUTELY EVERY STUDENT THAT IS IN OUR CARE. THIS IS GROUNDED IN OUR COMMITMENT TO EQUITY. I THINK THE BOARD HAS DEMONSTRATED YOUR RECOGNITION AND COMMITMENT TO ONGOING EQUITY WORK. AND WHEN

[00:10:01]

COMMUNITY ACTIVITIES. BUT ALSO THE CONNECTION TO SCHOOL. AND THE EXCELLENT MAGIC OCCASION THAT STUDENTS ARE PROVIDED. ANOTHER VALUE IS TRANSPARENCY IN SCHOOL FUNDING. AS WE GO THROUGH THESE PROCESSES BEING TRANSPARENT ABOUT WHAT WE ARE ASKING FROM OUR VOTERS. BUT ALSO TRANSPARENCY IN HOW WE SPENT THE COMMUNITIES RESOURCES. TO ME, THOSE ARE EXTREMELY IMPORTANT VALUES. BECAUSE THOSE ARE A PUBLIC ORGANIZATION BUT WE ARE PUBLICLY FUNDED AND SO, THE PUBLIC DESERVES TO UNDERSTAND HOW WE USE THEIR RESOURCES.

AND SOME OF THE DIFFERENT CONSIDERATIONS. WHEN I THINK ABOUT REALLY THE OVERALL FUNDING STRATEGY. NUMBER ONE, THE DISTRICT STRIVES FOR EXCELLENCE AND ACCOMPLISHING HIGH GOALS AND EXPECTATIONS FOR STUDENT PROGRAMMING. AN OUTCOMES. THAT IS TRUE.

HISTORICALLY FOR LAKE WASHINGTON. AS THE ONGOING STRIVE FOR EXCELLENCE.

WHEN YOU LAYER THAT IN WITH OUR COMMITMENT TO EQUITY, IT'S ABOUT EXCELLENCE FOR EACH AND EVERY STUDENT. AND MEETING STUDENTS WHERE THEY ARE SO THAT THEY CAN ACHIEVE EXCELLENT OUTCOMES. THE NEXT CONSIDERATION OF THE DISTRICT HAS ONGOING MAINTENANCE AND IMPROVEMENT. OPPORTUNITIES AND CAPITOL FACILITIES AND TECHNOLOGY TO SUPPORT THE EXCELLENCE IN THE OUTCOMES FOR OUR STUDENTS. AND SO, ANYTHING ABOUT THE CAPITOL PROJECTS LEVY, IT ALWAYS IS IN SERVICE OF STUDENTS. YES, A LOT OF IT IS DIRECTED TOWARDS OUR FACILITIES, BUT WHEN YOU THINK ABOUT OUR ABILITY TO UPKEEP RIGHT NOW. WHAT IS FRONT AND CENTER? VENTILATION, HVAC CENTERS. ENSURING OUR SCHOOLS AND HAVE ONGOING CYCLES OF REPLACEMENT OF OUR MAJOR SYSTEMS FOR OUR SCHOOLS. BECAUSE OUR SCHOOLS ÃÃ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

BUT ALSO WE HAVE FACILITIES WITHIN OUR SYSTEM THAT CURRENTLY DON'T MEET OUR EDUCATIONAL SPECIFICATION. AND BEING ABLE TO RESPOND TO THAT. TIMMY IS AN IMPORTANT PART OF THE LONG-TERM PLAN. AND WHAT IS SO INTERESTING IS WHEN THIS BULLET WAS ORIGINALLY WRITTEN AND PROVIDED TO THE BOARD, WE WERE REALLY THINKING OF FIVE AND SIX AND MAYBE 10 YEAR CONSIDERATION. AS YOU KNOW, WE HAVE ACTUALLY LOOKED OUT 50 YEARS TO THINK ABOUT AN OVERALL FUNDING PLAN. BUT ALSO, WHAT ARE THE ONGOING CAPACITY FUNDING REQUIREMENTS THAT WE ARE GOING TO HAVE AS WE COME UPON SCHOOLS THAT DO START AGING? AND WE DO NEED TO THINK ABOUT HOW WE UPDATE OUR SCHOOLS AND THE EDUCATIONAL SPECIFICATION OF WHAT THAT

[00:15:03]

THLETICS AND ACTIVITIES. OUR EXTRACURRICULAR SUPPORTS. ADDITIONAL COURSE OFFERINGS AT THE HIGH SCHOOL. THE WAY WE ARE ABLE TO CLEMENT 87 PERIOD DAY IS THROUGH THE EP AND OUT LEVY. MUCH OF OUR EARNINGS LEARNING PROGRAM FOR OUR STUDENTS IS FUNDED THROUGH THE LEVY. AS YOU CAN SEE ON THE LEFT, OUR LEVY PROVIDES ABOUT 14 PERCENT OF OUR OVERALL

GENERAL FUND BUDGET. >>SOME OF THE KEY FACTORS IN MY RECOMMENDATION IS WHAT IS CURRENTLY FUNDED AND AS WE THINK ABOUT THE CURRENT EP AND OH AND KNOWING THAT FOUR YEARS AGO THAT THERE WAS A DECISION MADE TO SEEK LESS FUNDING. AS WE ARE ENTERING INTO THE MCCLEARY CYCLE AND THAT WAS RIGHT AT THE BEGINNING OF THE MCCLEARY DECISION. WE DID NOT EXACTLY HOW THAT WOULD PLAY OUT OVER TIME. BUT WE ALSO KNEW THAT IN OUR PLANNING FOR MCCLEARY, WE ACTUALLY HAD PLANNED FOR AND ENSURED THAT WE HAD A HEALTHY FUND BALANCE.

SO, AT THAT POINT IN TIME, WE WERE ABLE TO SEEK LESS DOLLARS AND WE WANTED TO SEE HOW MCCLEARY PLAYED OUT OVER TIME. AS YOU CAN SEE HERE, YOU CAN SEE THE DIFFERENCE BETWEEN STATE AND OR GRANT FUNDED AND THEN WHAT IS LOCALLY FUNDED. SO, ANYTHING IN ORANGE IS WHAT

OUR EP END OF LEVY IS CURRENTLY FUNDING. >>THIS KIND OF SHOWS OVER THE LAST PERIOD OF TIME HOW HAVE WE KEPT UP WITH OUR ONGOING COSTS. AND YOU CAN SEE AND REALLY PURPOSEFULLY, WE HAVE WORKED TO SPEND OUR FUND BALANCE DOWN OVER TIME. AND SO, REALLY THAT THE IDEAL PHYSICAL WORLD, YOU WANT THAT BLUED NUMBER. JUST ABOVE THE ORANGE. THE ORANGE LINE, BECAUSE RIGHT NOW, WE ARE OVERSPENDING. OUR REVENUES. AND SO, YOU COULD SEE THAT IS CONSISTENT MOVING FORWARD. THAT WAS PURPOSEFUL KNOWING THAT THE FUND BALANCE THAT WE HAD AT THE TIME WAS BUILT UP IN PREPARATION FOR MCCLEARY WITHOUT KNOWING EXACTLY WHAT WAS GOING TO HAPPEN. AND SO, RIGHT NOW, WE ARE IN A NEGATIVE FISCAL PLACE. ONE OF THE WAYS THAT WE CAN HELP REMEDY THAT IS TO RELOOK AT OUR EDUCATIONAL PROGRAMS AND OPERATIONS PROGRAM LEVY. BECAUSE THERE IS THE ABILITY TO COLLECT LITTLE BIT MORE FUNDING ON AN ANNUAL BASIS THROUGH OUR EP AND OUT TO COVER SOME OF THESE EXPENSES. SO, WHEN THE QUESTIONS THAT THE BOARD HAS HAD IN ONE OF THE CHALLENGES IS IF WE DON'T MOVE FORWARD WITH THE PIANO LEVY THAT SEEKS A HIGHER THRESHOLD, WHAT WOULD WE CUT? IT'S NOT QUITE THAT LINEAR. BECAUSE ANYTIME YOU THINK ABOUT REDUCING YOUR BUDGET. IT IS THROUGH A PROCESS OF COMMUNITY ENGAGEMENT STAFF ENGAGEMENT. EVALUATION OF PROGRAMS AND SERVICES. TO DETERMINE WHAT YOU WOULD HAVE TO REDUCE. AND SO, IF WE THOUGHT ABOUT MOVING OUR CURRENT EDUCATIONAL PROGRAMS AND OPERATIONS LEVY FORWARD, WE WOULD HAVE TO LOOK AT ABOUT 20 $25 MILLION

ANNUALLY. OF BUDGET REDUCTIONS. >>ME KNOW IF WE ACTUALLY ASK OUR VOTERS FOR THE FULL EDUCATIONAL PROGRAMS IN EDUCATION FUNDING, THAT WE WILL NEED TO DO SOME SMALLER REDUCTIONS. SOMEWHERE BETWEEN TWO AND THREE AND $5 MILLION.

WHICH THAT IS SUBSTANTIAL. BUT IT'S NOT OBVIOUSLY TO THE DEGREE THAT A LARGER $20-$25 MILLION WOULD BE. SOME OF THESE COSTS FOR OUR EP END OF ARE REQUIRED. SOME ARE TIED TO CONTRACTS AND SOME ARE TIED TO REQUIREMENTS. ARE THERE IS OUR CHOICE. THAT WE HAVE MADE AS A

[00:20:09]

AND SO, WHEN YOU THING ABOUT TRANSPORTATION, YES, WE RECEIVED STATE FUNDING. BUT THE GAP IS ABOUT TWO TO $3 MILLION BETWEEN WITH THE STATE FUNDS AND WHAT WE THEN SUPPLEMENT THROUGH OUR EDUCATIONAL PROGRAMS AND OPERATIONS LEVY. IF WE WERE TO MAKE CUTS IN TRANSPORTATION, THAT MEANS WE ARE REDUCING THE NUMBER OF STUDENTS THAT CAN RIDE THE BUS. WHICH THEN MEAN THERE'S IMPLICATIONS TO THAT AS WELL. LESS STUDENTS THAT ARE ON THE BUS MEANS WE ARE EXPENDING THAT RADIUS OF WHO WE ARE OFFERING IT TO. AND THAT MEANS TYPICALLY YOU HAVE MORE PEOPLE DRIVING THEIR CHILDREN TO SCHOOL BECAUSE THAT RADIUS IS SO LARGE. THEN THAT HAS CONSEQUENCE ALSO FOR OUR SCHOOL SITES AND TRAFFIC AROUND THOSE AREAS. OUR SUBSTITUTE COSTS WERE SUBSIDIZED BY THE STATE FOR A SMALL PORTION OF THE ACTUAL COST. OF WHAT WE ARE REQUIRED TO BE ABLE TO PROVIDE SUBSTITUTES AND STAFF CLASSIFIED OR CERTIFICATED ARE NOT IN A POSITION FOR A DAY FOR A SICK LEAVE OR EMERGENCY LEAVE. AND THOSE KINDS OF THINGS. WE THINK ABOUT EARNING LEARNING, AGAIN, IT'S A SHARED RESPONSIBILITY. STATE FUNDING PROVIDES SOME. BUT WE REALLY PROVIDE A MAJORITY OF OUR LEARNING FUNDING. MUSIC AND THE ARTS. AND BARBARA WILL SHAKE HER HEAD YES OR NO. I BELIEVE THAT'S ALMOST SOLELY FUNDED ON OUR EDUCATIONAL PROGRAMS AND OPERATIONS LEVY AND YOU KNOW, WHAT'S IN THIS CATEGORY. T'S ELEMENTARY BAND AND ORCHESTRA PROGRAMS. IT'S SOME OF THE OTHER COMPONENTS THAT ARE SECONDARY LEVEL. AND SO, WHEN YOU THINK ABOUT YOU KNOW, THE VALUE THAT THIS ÃÃOUR MUSIC AND ARTS PROGRAMS PROVIDE TO THE STUDENTS. THIS IS HOW OUR STUDENTS FEEL CONNECTED TO THE SCHOOLS. THIS IS WHERE SOME OF OUR STUDENTS FIND MEANING AND IT'S THROUGH THESE PROGRAMS THAT THEY THEN FEEL CONNECTED TO THEIR SCHOOL. WHICH IS VERY SIMILAR TO THE NEXT CATEGORY OF ATHLETICS AND ACTIVITIES. IS NOT FOR EVERYONE. JUST LIKE MUSIC AND THE ARTS. IT'S NOT THAT CONNECTION POINT FOR EVERYBODY. BUT IN OUR ATHLETICS AND ACTIVITIES. STUDENTS FEEL VERY CONNECTED AND THAT IS ONE OF THOSE ASPECTS THAT WE KNOW THAT WHEN STUDENTS FEEL CONNECTED THAT THEY ARE SUCCESSFUL IN ACADEMIC PROGRAMS AND THEY INCREASE. IT IS NOT ABOUT

[00:25:08]

>>THAT LOOKS LIKE ON AVERAGE, WE WILL RECEIVE $92.3 MILLION. A YEAR. AND THE ESTIMATED RATE PER HUNDRED THOUSAND OF ASSESSED VALUE IS $1.09. THAT IS AN INCREASE OF ABOUT $0.15-$0.19. IN TERMS OF THE OVERALL TAX RATES. FOR EDUCATIONAL PROGRAMS AND OPERATIONS. THIS WILL ALLOW FOR IS US TO MAINTAIN MANY OF THE PROGRAMS AND SERVICES THAT WE ARE CURRENTLY PROVIDING. BUT ALSO AS I SAID, SEE BARBARA, THEY GO. AS WE TALKED ABOUT THROUGH THE BUDGET PROCESS, MAKING SURE THAT WE'RE DOING AN ONGOING EVALUATION OF OUR PROGRAMS IS ALSO IMPORTANT ALSO. BECAUSE WE KNOW THAT OUR REVENUES ARE A FINITE RESOURCE.

AND AS WE THINK ABOUT HOW WE IMPLEMENT OUT OUR PROGRAMS AND SERVICES FOR STUDENTS, IT'S ALWAYS ABOUT EVALUATING AND MAKING SURE THAT WE ARE SPENDING OUR RESOURCES IN THE PLACES THAT ARE MOST BENEFICIAL TO STUDENTS. THEN I WILL QUICKLY GO THROUGH THE CAPITOL PROJECTS. LEVY PORTION. REALLY WHAT OUR CAPITOL PROJECTS RECOMMENDATION IS THE MAINTENANCE OF WHAT IS CURRENTLY IN PLACE. AND SO, AS YOU KNOW, THERE ARE TWO DISTINCT PORTIONS OF THIS LEVY. FACILITIES AND TECHNOLOGY AND YOU CAN SEE HERE THAT THERE ARE FOUR BUCKETS THAT WE THINK ABOUT WHEN WE THINK ABOUT OUR FACILITIES PORTION. ABOUT BUILDING SYSTEMS AND IMPROVEMENTS. KIND OF THAT LIFECYCLE MANAGEMENT THAT I TALKED ABOUT A FEW MOMENTS AGO. SCHOOL AND PROGRAMS IMPROVEMENTS. KNOWING THAT THERE ARE TIMES WHERE WE NEED TO PULL FUNDS FROM THIS LEVY FOR PORTABLES AND SUPPORTING ANY PROGRAM MOVES. ALBEIT SPECIAL EDUCATION OR OTHER TYPES OF PROGRAMS WITHIN BUILDINGS. OR DO WE NEED TO MODIFY THE BUILDING, WHICH WE HAVE DONE A NUMBER OF SECONDARY SCHOOLS TO CREATE ADDITIONAL SPACE. THAT THIRD COLUMN, YOU COULD SEE CODE COMPLIANCE INSTANCE HEALTH AND SAFETY. THESE ARE SOME OF THE REQUIRED REQUIREMENTS AS A PUBLIC ENTITY THAT WE ARE REQUIRED TO PAY ATTENTION TO. BUT ALSO, JUST BEING A STEWARD OF SPACE.

THERE ARE TIMES THAT WE ÃÃ THEY WALK THROUGH WITH THE FIRE MARSHAL AND THEY POINT SOMETHING OUT. AND YOU HAVE TO REMEDY THAT. THERE AREN'T FUNDS FROM THE STATE TO BE ABLE TO DO THIS WORK. IT'S REALLY THROUGH THIS LEVY STRUCTURE THAT WE ARE ABLE TO DO THAT.

AND THEN YOU COULD SEE THAT LAST CALM, IT'S ABOUT SITE IMPROVEMENTS AND ATHLETICS AND PLAYFIELD UPGRADES. THAT THE BOARD IS VERY WELL AWARE OF THAT WE HAVE DONE OVER TIME.

>>AND THEN THE OTHER PORTION IS OUR TECHNOLOGY. OU KNOW, THE DIFFERENT COMPONENTS THAT ARE EMBEDDED WITHIN OUR TECHNOLOGY PROGRAM FOR STRUCTURE AND SUPPORT.

EQUIPMENT AND INSTRUCTIONAL SOFTWARE AND SUPPORT TO BE ABLE TO OVERLAY ONTO THAT EQUIPMENT.

BUT IT'S ALSO ABOUT OUR BUSINESS AND TECHNOLOGY SYSTEMS. KNOWING THAT WE ARE A BUSINESS THAT SUPPORTS OVER 4100 EMPLOYEES. SALLY WOULD TELL ME HOW MANY BUSINESS SYSTEMS WERE ACTUALLY RUNNING AT ANY ONE TIME. I THINK IT'S 40 DIFFERENT BUSINESS SYSTEMS TO RUN OUR INFRASTRUCTURE. AND THEN AT LAST CALM OF TECHNOLOGY TRAINING AND PROFESSIONAL DEVELOPMENT. KNOWING THAT AS WE CONTINUE TO UPDATE AND IMPLEMENT THE TECHNOLOGY PROGRAM WITHIN OUR CLASSROOMS OUR TEACHERS AND STAFF, THEY NEED TRAINING ON THOSE TECHNOLOGIES AS WELL. AND SO, WHAT DOES THIS LOOK LIKE? FOR FOUR YEARS ON AVERAGE. IT'S ABOUT $44 MILLION PER YEAR. THAT IS DIVIDED BETWEEN THE FACILITIES AND THE TECHNOLOGY.

BARBARA COULD PROBABLY TELL US HOW MANY OF THAT 44 MILLION GOES TO WHICH COMPONENT.

[00:30:03]

LARGER PORTION THAN OUR FACILITIES. >>YES, THE AVERAGE AND I LOVE TO PULL IT OUT JOHN. AND I WILL GET BACK TO YOU. PULL THAT OUT AND THEN I WILL GET

THAT BACK. >>THE ESTIMATED RATE IS ABOUT 50 TO SENSE. THOUSANDS OF ASSESSED VALUE. IS IT BASED ON INFLATION BARBARA THAT THAT IS AN INCREASE OF A FEW CENTS?

>>THE RIGHT? >>THE RATE STAYS LEVEL AT $0.52.

>>FROM CURRENT? >>IS THAT YOUR QUESTION? >>FROM CURRENT RATE?

>>THE CURRENT RATE IS THE SAME. >>IS CURRENTLY $0.52 AND SO, THIS IS AS YOU MENTIONED EARLIER, A MAINTENANCE LEVEL. SO, THE DOLLARS INCREASE SLIGHTLY EACH YEAR BASED ON INFLATION, BUT THE RATE IT SELF IS A MAINTENANCE LEVEL.

>>THANK YOU. >>BARBARA, THANK YOU. YOU CLICK ONE SLIDE?

>>ME ASK YOU QUICK QUESTION? >>SURE. >>,CAN YOU GO BACK TO THAT SORRY. AS YOU LOOK AT THOSE INCREASES IN THE AMOUNT PER MILLION, IS THAT BASED ON A.D.

THAT THE INCREASE IS OCCURRING? IS THAT BASICALLY WHAT THAT IS BARBARA?

>>YES, THAT'S BASED ON THE AB ASSUMPTIONS. >>JUST A SMALL INFLATION. AS JUST LIKE WE HAVE TO KNOW, THE COST OF IMPROVING THINGS GOING UP WITH BY INFLATION. SO, THE COST OF OUR PUTTING HVAC AND SYSTEMS AND. OUR TECHNOLOGY COST. THEY ALL EACH YEAR IT'LL COST BUILT BY INFLATION. SO, THAT IS BUILT INTO THE AB ASSUMPTIONS.

>>THANKS. >>BEFORE YOU ASK YOUR QUESTION, THAT'S ALSO TRUE OF THE EP AND OUT LEVY? IF I REMEMBER CORRECTLY, THE RATE WE WERE ABLE TO FIND AT THE BEGINNING OF MCCLEARY WAS $2500 PER STUDENT. OR PER FTE. AND WITH INFLATION, THAT HAS INCREASED AND CURRENT RATE IS RIGHT AROUND 2700. THAT'S BECAUSE OF THE INFLATION.

>>MARK? >>JOHN, I WANT TO KNOW BECAUSE OF THE VOLUME OF INFORMATION HERE, IT WENT VERY QUICKLY OVER THE UPGRADE TO THE HVAC SYSTEM. WE WENT ÃÃTHE DISTRICT WENT BEYOND THE RECOMMENDED ÃJUST TO GET EVEN BETTER FOR CHILDREN IF YOU WILL OF THE AIR.

COULD YOU GIVE THE PUBLIC GOOD FEEL FOR THAT? >>I WILL DO MY BEST AND THEN OTHERS CAN FILL IN THE GAPS IF I MISSED ANYTHING. AND I JUST WANT TO REFERENCE A REPORT THAT CAME OUT AROUND HVAC SYSTEMS AND THINGS LIKE THAT. WE MAINTAIN ALL OF OUR EQUIPMENT.

TO ENSURE ITS FUNCTIONING. AT THE HIGHEST LEVEL POSSIBLE. WHEN COVID-19 HIT, WE ACTUALLY INCREASED THE FILTERS OUT ALL OF OUR SITES TO THE HIGHEST FILTER THAT THEY COULD ACCEPT AND THAT WAS A MERV RATING AND I'M SURE SOMEONE MUCH MORE KNOWLEDGEABLE ABOUT IT CAN EXPLAIN WHAT A MERV IS. I DON'T THINK IT'S A PERSON, BUT I THINK IT'S A RATING SYSTEM.

THE OTHER THING THAT WE DID WAS ENSURE THAT THE EXCHANGE OF AIR AND WHICH REALLY WAS THE WHAT WE ARE HEARING, THE PRIMARY RECOMMENDATION AROUND REDUCING THE SPREAD OF COVID-19 WITHIN OUR FACILITIES. WE ARE EXCHANGING THE AIR WITHIN OUR SPACES. SOMETIMES AN HOUR.

REALLY THE RECOMMENDATION AT THIS POINT IS SIX TIMES PER HOUR.

>>BRIAN, WOULD YOU ADD ANYTHING AROUND THE HVAC SYSTEMS FILTRATION OR AIR EXCHANGE?

>>ONLY THAT WE ACTUALLY GO OUT BEFORE OCCUPANCY TO VALIDATE THAT THE BUILDING CONTROL SYSTEMS ARE SHOWING US WHAT'S HAPPENING AT THE SCHOOLS AND THAT THE ACTUAL MECHANICAL SYSTEMS ARE WORKING PROPERLY. AND SO, WE GO THROUGH A CHECKLIST AND COMPLIANCE WITH OUR VENTILATION PLAN BEFORE OCCUPANCY HAPPENS. CUSTOMÁ JOHN AND BRIAN, I THINK THAT'S REALLY REASSURING TO THE PARENTS TO KNOW THAT ESPECIALLY THE PLACEMENT OF THE ERROR RATE IS HIGHER THAN THE MINIMUM. TO ME, WHEN ANYONE SAYS THE RECOMMENDED, WE FIGURE THAT'S THE FLOOR. IT'S LIKE A LITTLE HIGHER TOWARDS THE CEILING. AND I APPRECIATE

THAT. >>YES. AND SO, BARBARA, CAN YOU GO TO THE LAST SLIDE AND

[00:35:05]

KIND OF CONTEXTUALIZING THE OVERALL RECOMMENDATION? >>BEFORE YOU JUMP TO THE NEXT SLIDE, I JUST WANT TO ANSWER THE QUESTION. SO, OUT OF THE 44.3, ABOUT 20 AND A HALF MILLION IS RELATED TO TECHNOLOGY. AND 15.8 IS RELATED TO CAPITOL. SO, THAT

64 PERCENT OF THAT IS TECHNOLOGY. >>THANK YOU.

>>ALL RIGHT. THE LAST SLIDE OR THE LAST SLIDE IN THIS SECTION.

>>AND SO, AS YOU CAN SEE HERE, THIS IS REALLY THE OVERALL RECOMMENDATION THAT YOU HAVE SEEN BEFORE. BUT HOPEFULLY THAT CONTEXTUALIZES SOME OF THE CONSIDERATIONS AS WE THINK ABOUT EDUCATIONAL PROGRAMS AND OPERATIONS. AND SOME OF MY THINKING AROUND YOU KNOW, JUST SOME OF THE UNIQUE CHALLENGES WHERE WE ARE RIGHT NOW. SO, YOU CAN SEE HER PEOPLE COLLECTION WOULD INCREASE. FROM 2200 KNOWING THAT WE WERE ASKING FOR LESS AUTHORITY. AND WHAT WE COULD HAVE. THE FIRST TIME INTO MCCLEARY. IN LOOKING AT AN INFLATION ADJUSTED NUMBERS TO MOVE THAT UP TO 2700, HAD WE SOUGHT A 40 AND 2018 I BELIEVE IT WAS THE EDUCATIONAL PROGRAMS AND OPERATIONS LEVY, THE FULL AUTHORITY WOULD'VE BEEN $2500.

>>AM HAPPY TO TAKE QUESTIONS. CASSONDRA? >>. >>I HAVE A QUESTION ABOUT EXACTLY THAT JOHN. IF WE HAD BEEN COLLECTING THE FULL EPM OUT LEVY THAT WAS AUTHORIZED, HOW MUCH MONEY WOULD WE HAVE? IF WE WERE JUST TAKING ALL THE MONEY THAT WE DIDN'T ACTUALLY COLLECT, BUT WERE ALLOWED TO COLLECT LEGALLY, HOW MUCH MONEY WOULD THAT BE? IF YOU DON'T

HAVE THE ANSWER RIGHT NOW, THAT IS FINE. >>IT'S ABOUT 15 MILLION A YEAR.

HAD WE COLLECTED THE FULL AUTHORITY IN THE 2018 LEVY. >>ABOUT $15 MILLION.

>>$60 MILLION. >>ALL RIGHT, THANK YOU. >>IN LOOKING FROM THE EP AND OUT AND THAT SHIFT AND THIS IS JUST GETTING US TO MAINTENANCE. IN THE SENSE THAT YOU SAID WE WERE 25 MILLION DOWN AND WOULD STILL BE DOWN POTENTIALLY 3 TO 5 MILLION EVEN WITH THAT TYPE OF INCREASE. CAN YOU EXPLAIN WHAT SOME OF THE LEGISLATIVE REQUIREMENTS THAT CAME THROUGH ON THINKING OF SAID AND FAMILY MEDICAL LEAVE ACT, WHICH WE ARE SORT OF AGAIN, IT WAS A MANDATE THAT CAME FROM THE STATE DID NOT HAVE FUNDING, WHICH IMPACTS THE LEVY DOLLARS IF I'M NOT MISTAKEN. ESPECIALLY IN REGARDS TO ANY STAFF, WHO IT HIRED. THROUGH OUR LEVY AND HAVE TO COVER. ONE IMPACT IS THAT ON THE ACTUAL THAT WE ARE SEEING IN PROVIDING LEVY

SERVICES? >>BARBARA, I'M GONNA ASK YOU TO HELP ME OUT WITH THE OFF THE TOP MY HEAD, LET ME JUST ÃÃ YOU IDENTIFIED AS EB, WHICH WE ARE STILL DETERMINING WHAT THAT COST IS. IS IT WAS IMPLEMENTED JANUARY AFTER MCCLEARY. AND THEN COVID HIT. IT KIND OF AT AN ESTRANGED TIME. WE WERE REQUIRED TO MAINTAIN BENEFITS. FOR INDIVIDUALS ON LEAVE AND

SO, THERE WAS SOME ODDITIES. >>YES, BECAUSE THEY WILL HAVE THE IMPACTS ON PROVIDING ADDITIONAL BENEFITS FOR SUBSTITUTES THAT WERE PROVIDED BEFORE AND ALSO PROVIDED A HIGHER LEVEL OF BENEFITS FOR PART-TIME STAFF. AGAIN, THESE IMPACTS ARE STILL YOU KNOW, BEING DETERMINED. BUT, AT THE TIME, WAS ABOUT 4 TO 5 MILLION OF LOCAL COSTS THAT THE STATE DID NOT FUN. ND THEN JUST THE ADDITIONAL Ã ÃWE HAVE SINCE FOUR YEARS AGO, ADDITIONAL TRAINING REQUIREMENTS FOR CARE EDUCATORS. AGAIN, THAT ISN'T FULLY FUNDED. ADDITIONAL YOU KNOW, SUPPORT FOR STAFFING AND HEALTH AND SAFETY NEEDS. SO, ALL THOSE THINGS THAT AREN'T FULLY FUNDED BY THE STATE ÃÃ YOU KNOW, JOHN MENTIONED TRANSPORTATION EARLIER. YOU KNOW, CONTINUING TO PLEDGE THE MCKINNEY AVENTIS. SO, WE ARE REQUIRED TO AGAIN, THE RIGHT THING TO DO, SUPPORT OUR HOMELESS STUDENTS AND ENSURE THAT THEY ARE PROVIDING TRANSPORTATION. YOU KNOW, THEIR ORIGINAL SCHOOL OF WHERE THEY ORIGINALLY RESIDED. AND AGAIN, THAT IS NOT FUNDED BY THE STATE. COSTS CONTINUE TO

[00:40:02]

THE STATE FUNDS. >>TWO MORE. SO, THEY 24 CREDIT REQUIREMENT, YES.

>>WHILE IT WAS NOT A STATE MANDATE THAT WE DO ANYTHING. IT REALLY FELT LIKE THE RIGHT THING TO DO TO THINK ABOUT THE CREDITS WE ARE OFFERING STUDENTS. RATHER THAN KIND OF THAT MINIMUM SIX CREDITS A YEAR YOU KNOW, EQUALING AT THE 24 CREDITS. AS YOU KNOW, WE WENT THROUGH A FULL PROCESS TO IDENTIFY WHAT WE WANT TO DO. WE LEAVE AT ABOUT SEVEN PERIOD DAY. AND I BELIEVE THAT COSTS SOMEWHERE IN THE NEIGHBORHOOD OF FIVE TO $7 MILLION TO DO A SEVEN PERIOD DAY. THE OTHER STATE REQUIREMENT BARBARA, THE I'M WONDERING THAT YOU COULD SPEAK TO, THERE ARE A COUPLE OF PAYROLL TAXES THAT THE DISTRICT IS REQUIRED TO DO AS WELL. A

COUPLE OF YEARS. >>MENTIONED COMING BACK. SIR, YOU MENTIONED PAID FAMILY LEAVE. SABBATH WAS IMPLEMENTED AND THEN A YEAR LATER, PAID FAMILY MEDICAL LEAVE WAS IMPLEMENTED. AND SO, THAT IS A NEW EMPLOYER. IT'S BOTH SHARED BY THE EMPLOYER AND EMPLOYEE.

BUT IT'S A NEW EMPLOYER PAYROLL TAX. AND IT ALLOWS THE INCREASED ABILITY FOR STAFF TO TAKE DIFFERENT TYPES OF LEAVES. AND SO, THAT CREATES THEN STAFF WERE HAVING TO KIND OF PAY TWICE. HE PAID FOR THE EMPLOYEE THAT'S ON LEAVE, BUT THEN YOU ALSO HAVE TO BRING IN SUBSTITUTES WHEN THOSE EMPLOYEE SCHOOLS STAFF ARE ON LEAVE. THE STATE IS NOT FUNDING US FOR SUBSTITUTES. SO, IT'S JUST KIND OF A DOUBLE HIT WHEN THEY PROVIDE A NEW PROGRAM. AND SO, THE STATE IS ALSO IMPLEMENTING A NEW ÃÃCOMING THIS JANUARY, NEW LONG-TERM CARE TAX. THAT

IS EMPLOYEE FUNDED. >>THAT IMPACTS TO EMPLOYEES, YOU KNOW, IT'S ANOTHER IMPACT

OF ANOTHER PAYROLL TAX FOR EMPLOYEES. >>WHAT WOULD BE HELPFUL TO ME IS TO UNDERSTAND THE LAST FOUR YEARS SINCE WE DID THE INITIAL LEVY AND MADE THOSE DECISIONS THAT ASSUMPTION. WHAT HAS CHANGED THAT WE REALLY DID NOT HAVE KNOWLEDGE OF FROM A FISCAL SIDE? SUCH AS THE IMPACTS THAT YOU MENTIONED IN THE FAMILY MEDICAL LEAVE THAT'S BEING MENTIONED. THE IMPACT WITH SUBS. BECAUSE THAT'S THE PIECE THAT EXPLAINS WHY THAT INCREASE IS THERE. BECAUSE MUCH OF THIS IS VERY MUCH STAFF DRIVEN AND WHAT WE DO. WE HAVE ALWAYS BEEN PAYING SPECIAL ED. WE'VE ALWAYS BEEN PAYING, BUT THE ADDITIONAL COSTS THAT HAVE COME FORWARD, I THINK THAT NEEDS TO BE CLEARER HERE. OTHERWISE, IT LOOKS LIKE WERE WE NOT PLANNING

WELL? >>AND SO, THAT'S THE PIECE TO ME THAT THAT GAP EXISTS DUE TO A LOT OF ON PAINTED MANDATES THAT THE LEVEES HAVE TO PICK UP AND WE NEED TO PLAY THAT OUT

STRONGLY AS TO WHAT THOSE ARE. >>YES, AND AGAIN, AS I MENTIONED, THAT THE ADDITIONAL COST JUST AREN'T KEEPING UP WITH WHAT THE STATE FUNDS. SO, YOU CAN PLAY THAT.

CUSTOMÁ IPD ÃÃOUR COST GOES UP FOUR PERCENT A YEAR AND THEY ARE GIVING US 1.8.

>>OTHERWISE IT JUST DOESN'T APPEAR. IF WE ARE ONLY TRYING TO MAINTAIN AND NOT GROW, THEN THIS IS GOING TO DIP. THIS IS THE REALITY OF WHAT WE HAD. I'M JUST TRYING TO PLAY THAT

OUT LITTLE STRONGER. >>MARK HAS HIS HAND UP. >>JUST A COUPLE OF THINGS I THINK ONE OF THE THINGS THAT WE OVERLOOKED WHEN WE LOOKING AT THOSE EXTRA HOURS FOR GRADUATION, THE SEVEN PERIOD DAY. IS THAT TO ME, IT REALLY X HIS OPTIONS IF YOU WILL. BUT THE IT'S REALLY FEEDING INTO THAT SOCIAL AND EMOTIONAL LEARNING FOR THE STRESS OF HAVING NO SAFETY VALVE AND HAVING A PROBLEM WITH ONE CLASS WAS YOUR HIGH SCHOOL ÃÃIT'S JUST THAT IT TAKES OF THE STUDENTS I THINK IS TO BE QUITE FRANKLY, INVALUABLE. I THINK TO ME, IT'S WARMER THAN GETTING THE OPTION OF TAKING ANOTHER ANOTHER ELECTIVE. IT REALLY GIVES THEM A SAYING SAYING OKAY, NOT TO WORRY AS MUCH. I'M WORRIED, BUT IT'S NOT THE END OF THE WORLD. IF SOMETHING GOES WRONG. THIS SEMESTER. TO ME, THAT'S INVALUABLE.

[00:45:05]

>>. >>I CAN'T SEE. >>YOUR HAND IS STILL RAISE, DO

YOU HAVE ANYTHING ELSE? >>AS SOMETHING NEW, SO, I RAISED IT AGAIN. I'M LEARNING HOW TO DO THAT. IT ONLY TOOK A YEAR. SO, WITH THAT, JUST A FOR THE QUESTION. THAT'S ACTUALLY ON THE CAPITOL PROJECTS. AND THINKING ABOUT THAT. MY UNDERSTANDING AND I KNOW WE HAVE HAD THIS AS WE HAVE SPOKEN WITH THE LEGISLATURE AS WELL. HIS AROUND THE FACT THAT TECHNOLOGY IS NOT AS OFTEN COVERED. I BELIEVE THAT WE PROBABLY HAD ADDITIONAL COSTS, AND AS WE WORK TO ENSURE THAT THERE IS INTERNET ESTABLISHMENT. BOTH WITH FAMILIES AT HOME TO BE ABLE TO DO THAT AND HAVE ACCESS. SO, AGAIN, WE ARE BUILDING THOSE INTO THE CURRENT COSTS THAT WE HAVE. AND BEING ABLE TO DO THAT. SORT OF RECOGNIZING THAT THERE HAVE BEEN ÃIS GOING ONE AND ONE. I THINK THAT'S ANOTHER KEY PIECE THAT WE NEED TO BE ABLE TO PLAY OUT. THIS IS NOT FUNDED BY THE STATE. PERIOD.

>>AND THAT IS PART OF THE ANNUAL BASIS, ONLY DO THE LEGISLATIVE UPDATES AND TALK TO THE LEGISLATORS. THAT IS PROVIDING DATA TO SAY, HERE IS HOW YOU ARE FUNDED FOR TECHNOLOGY. SO MUCH WE ARE NOT FUNDED FOR TECHNOLOGY. SO, THIS ONGOING CONVERSATIONS ARE CONTINUING TO HAPPEN EVERY YEAR. AND YES, THAT WILL BE PART OF THE COMMUNICATION PROCESS WHEN WE TALK ABOUT BOTH OUR EP AND O AND M IS ABOUT THE REASON WHY WE ARE ASKING VOTERS FOR MONEY. IS THAT THE STATE DOES NOT PROVIDE THESE FUNDS TO PROVIDE THE TECHNOLOGY AT THE LEVEL THAT WE NEED. NOR DO THEY PROVIDE FUNDS TO UPGRADE OUR BUILDINGS. AS WE NEED TO UPGRADE OUR BUILDINGS. AS FAR AS LIFECYCLE COSTS. I'M NOT TALKING ABOUT NEW ADDITIONS OR REPLACEMENT OF BUILDING. BUT JUST MAINTAINING THE HVA SYSTEMS AND VENTILATION AND

THINGS LIKE THAT. >>THANK YOU. >>IT'S KEY THAT THESE ARE VITAL FOR US TO BE ABLE TO MEET OUR GOALS AND OBJECTIVES IN THE PROCESS. AND THAT THIS IS SORT

OF ONE OF THOSE THINGS THAT JUST NEEDS TO HAPPEN. >>DIRECTOR SAGE, WOULD YOU LIKE

TO GO NEXT? >>I JUST WANTED TO ADD THE ISSUE OF THE FUNDING. INTO THAT CONVERSATION. BECAUSE I HAVE HEARD THE AVERAGES AND DISTRICTS GOT ABOUT 32 HUNDRED PER STUDENT. BASICALLY THE CARES ACT. POINT SCHOOLS. AN WORKLIFE SCHOOL DISTRICT ÃÃ ABOUT $500. STUDENT. THAT'S A DISADVANTAGE ON PART OF THE FUNDS. WERE ALLOWED TO BE USED FOR TECHNOLOGY AND PURCHASING THE WI-FI HOTSPOTS AND EVEN REMOTE LEARNING. AS WELL IS EMOTIONAL SUPPORT AND SOCIAL EMOTIONAL LEARNING. WE HAVE NOT BEEN ABLE TO FIND SOME OF THESE COVID ERA NEEDS WE SHOULD BE ABLE TO FOR A DISTRICT OF THIS SIZE. OR FOR ANY DISTRICT

ROAD. $500 STUDENT HAS NOT BEEN CORRECT. >>AND WE ACTUALLY SEE LESS THAN THE AROUND 300. AND CHANGE FROM AS ROW FUNDING AND THE STATE. THEY DID BACKFILL UP TO $500. BUT, YOU ARE CORRECT CASSONDRA. THAT THE MAJORITY OF DISTRICTS RECEIVED BETWEEN

TWO AND $4000 PER-PUPIL. AND SO, æ >>THERE IS THE NARRATIVE THAT NO, THE FEDERAL GOVERNMENT POURED BILLIONS INTO EDUCATION AND THEY DID.

E JUST DID NOT HAPPEN TO RECEIVE VERY MUCH OF THOSE FUNDS. AND WE HAVE ADVOCATED WITH OUR LEGISLATORS AND MEMBERS OF CONGRESS ON THIS. THIS TOPIC AND WILL CONTINUE TO DO SO, BUT I WANT TO MAKE SURE THAT I POINT OUT THAT YES, WE DID RECEIVE SOME OF THE CARES

ACT FUNDS. IT WAS NOT VERY MUCH. >>CORRECT.

>>JOHN? I'M NOT PLANNING THE SLIDE, BUT I HAVE IT IN MY HEAD. A MEMORY THAT EVEN WITH THIS INCREASED EPO LEVY AUTHORITY, WE STUDY TO IDENTIFY 3 TO 5 MILLION IN CUTS. DO I

HAVE THAT RIGHT? I GUESS FIRST? >>YES, YOU ARE CORRECT.

>>COULD YOU ÃÃDO SPEAK TO THE PROCESS? HAVE YOU THOUGHT ABOUT THE PROCESS OF DOING

[00:50:01]

THAT? >>I HAVE. AND WITH THAT, WHEN YOU THINK OF OUR OVERALL BUDGET, $3 MILLION IS ÃÃIF I'M REMEMBERING CORRECTLY, BUT ONE PERCENT. AND SO, THE ONE PERCENT CUT VERSUS SOMETHING SUBSTANTIALLY MORE THAN THAT, FIVE PERCENT AND SIX PERCENT Ã ÃI THINK WITH A ONE PERCENT CUT, I WOULD LOOK INTERNALLY FIRST TO SEE ARE THERE THINGS THAT WE ARE SPENDING MONEY ON THAT WE COULD ALL AGREE IS NOT ÃÃWE WANT TO STOP THAT. ARE THERE KIND OF ACROSS THE BOARD, REDUCTIONS IN BUDGETS THAT WE COULD DO REALLY TO MEET THAT THRESHOLD? WHILE WE ARE DOING KIND OF THE ONGOING PROGRAM EVALUATION. WHICH REALLY IS AN IMPORTANT ASPECT OF ANY BUDGET. WHETHER YOU ARE INCREASING OR DECREASING. AND SO, AT A ONE PERCENT, IT WOULD LOOK DIFFERENT. 3 MILLION WOULD LOOK DIFFERENT THAN 20 MILLION TO 20 MILLION WOULD BE MUCH MORE OF A ROBUST COMMUNITY PROCESS. STAFF PROCESS, JUST TO MAKE SURE THAT THERE IS MUCH MORE VOICE THAN THAT. KNOWING THE IMPACT WOULD BE SO MUCH

GREATER. >>THANK YOU, THAT IS HELPFUL FOR ME. I JUST WANT TO SAY THAT FOR ME, I THINK ABOUT THE THREE DIFFERENT LEVEES WERE BONDS IN THE EPM OUT AND CAPITOL PROJECTS. AND CONSTRUCTION. FOR ME, THE PRIORITY IS ON THE ÃÃIF WE HAVE TO PRIORITIZE, FOR ME, THESE ARE THE PRIORITIES. AND THIS IS HOW WE OPERATE OUR DISTRICT. CUSTOMÁ I WOULD AGREE AND THAT'S ALSO WHY I BROUGHT THESE TWO FORWARD. KIND OF SEPARATELY FROM CONSTRUCTION AND WE HAVE ALSO BEEN TALKING ABOUT CONSTRUCTION. JUST A NARROW IN ON HOW WE ALL WANT TO THINK ABOUT IT AS WELL. I WOULD AGREE, THE ONGOING OPERATIONS OF OUR DISTRICT IS ABOUT THE KIDS THAT ARE HERE TODAY. AND THE OTHER PIECE FEELS LIKE LONG-TERM PLANNING THAT WE NEED TO FIGURE OUT A PLAN FOR. HAT REALLY IS THE NEXT SET OF SLIDES.

>>DIRECTOR ÃÃWE HAVEN'T HEARD FROM DOCTOR CARLSON YET. I COULD HIM FIRST AND THEN

DIRECTOR STUART. >>I ACTUALLY DON'T HAVE A WHOLE LOT TO SAY. BECAUSE I DO APPRECIATE THAT THESE ARE ABOUT THE DAY TO DAY OPERATION DISTRICTS. THIS IS A HIGH-PRIORITY AND ITS COMPLEXES MIGHT SEEM, THIS IS AN INDEPENDENT CHALLENGE FROM THE CAPITOL BUILDING BONDS. O, I AM IN SUPPORT OF THE PROPOSED APPROACH AND HAVE NO

SIGNIFICANT COMMENT OR CONCERN. >>MARK, GO AHEAD.

>>JUST FOR ANYONE WHO MIGHT WANT TO TAKE ISSUE WITH THE WAY THAT THE FINANCES OF ÃJUST LIKE WASHINGTON HAS MANAGED IF YOU WILL, I THINK YOU ÃÃYOU ONLY HAVE TO LOOK BACK TO THE FACT THAT THE LAST FIVE YEARS Ã ÃWE ARE ONE OF THE FEW, IF NOT THE ONLY DISTRICT TO ÃÃFIVE YEARS, FROM THE ORGANIZATIONS THAT TOUTED OUR ABILITY TO DO OUR FINANCING AND RECORD-KEEPING AND SO FORTH. I THINK TEXAS I AM SORRY BARBARA. I'M FORGETTING THE NAME OF THE

AWARD. MAYBE YOU COULD FILL ME IN? >>THE MERITORIOUS BUDGET ÃÃ

[INDISCERNIBLE] >>THE MANDATORY BUDGET. >>THANK YOU. I DON'T BELIEVE ANY OTHER DISTRICT HAS GOTTEN FIVE YEARS IN A ROW. HAT'S JUST LIKE æ

>>I THINK CURRENTLY Ã DESPERATE. >>A TITLE FOR FIVE YEARS.

>>I THINK WE ARE CURRENTLY THE ONLY DISTRICT OF WASHINGTON STATE. WE HAVE HAD DISTRICTS IN THE PAST. COMPLETE THE MANDATORY BUDGET AWARD. BUT RIGHT NOW, WE ARE ÃI BELIEVE

WE ARE THE ONLY STATE RATE. >>THAT TELLS ME THAT WE ARE QUICKLY MANAGING OUR RESOURCES AND YES WE HAVE TO GO BACK IN THE BACKFIELD FOR THINGS THAT THE STATE MANDATED. THEY DON'T COVER. TO BE QUITE FRANK, AS MUCH AS I HATE FOR US TO COVER IT LOCALLY, I WOULD HATE TO BE AT THE END OF THE LEGISLATURE FOR SOME OF THOSE PROGRAMS. IT GIVES US MORE CONTROL AND OUR PARENTS AND DISTRICT MORE CONTROL OVER WHAT WE ARE ACTUALLY OFFERING OUR STUDENTS.

GOING TO LEGISLATIVE BILL DOWN THE TUBES. >>AS I SAID AT THE OPENING, WE

[00:55:03]

AND WE WILL TALK ABOUT WHY WE ARE BRINGING THAT ONE FORWARD TONIGHT. SO, BARBARA, DO YOU WANT TO WALK US THROUGH THE SLIDES? AND YOU ARE MUTED. [LAUGHTER]

>>SORRY. WENT MUTE THERE. SO, YES. AS JOHN MENTIONED, WE ARE GOING TO SHOW YOU AGAIN, THE OPTIONS THAT WE HAVE BROUGHT FORWARD. STRATEGIES IN THE SEPTEMBER 13 MEETING. WE HAVE OR WHAT REVISED SOME OF THOSE AND HAVE A THREE A AND 3B. ONE OF THE REQUESTS AFTER THE SEPTEMBER 13 MEETING. IT WAS TO HAVE ALL THE STRATEGIES LINE UP SO THAT THE FUNDS WERE RECEIVED IN THE SAME TIME PERIOD. BECAUSE OF THE SEPTEMBER 13, ONLY SHOW THE STRATEGIES. SOME TOOK LONGER TO RECEIVE THE FUNDS. SO, THAT'S WHAT WE WILL BE SHOWING YOU TONIGHT. AND SO, WE ARE GOING TO GO THROUGH A SERIES OF SLIDES WITH EACH OF THE STRATEGIES AND TALK ABOUT THE BENEFITS AND CHALLENGES. AND THEN WE WILL HAVE A SUMMARY SLIDE TO SUMMARIZE THAT. AFTER WE GO THROUGH EACH OF THE STRATEGIES. SO, THAT'S JUST STRATEGY NUMBER ONE ÃÃIF YOU RECALL THIS, THIS WAS THE LEVY BOND LEVY STRATEGY. AND SO, WE WOULD RUN A SMALLER LEVY AND 22 TO PROVIDE REALLY OUR CRITICAL CAPACITY TO GET THOSE FUNDS IMMEDIATELY. AND THEN A LARGER BOND AND 24. AND THEN FOLLOW THAT UP WITH THE LEVY. AND SO, WE TALKED A LITTLE BIT ABOUT THE BENEFITS AND CHALLENGES. AT THE LAST MEETING. SO, I WON'T GO OVER ALL THOSE AGAIN. BUT, WHAT WE LAID OUT IN THE TABLE TO THE LEFT IS KIND OF WHAT IS THE ANNUAL COLLECTION? AND SO, YOU WILL SEE THE ANNUAL DOLLARS AND EACH OF THEM WERE FOUR YEARS. AND IN THIS CASE, IT PUMPS UP IN 25, BECAUSE THAT'S WHEN THE BOND COMES IN.

AND SO, WHEN YOU SELL BONDS, YOU ARE ÃÃWHEN YOU HAVE VOTER APPROVED BONDS, YOU CAN SELL A LARGER PORTION OF FUNDS AT THE BEGINNING. AND SO, THAT IS ONE OF THE ADVANTAGES OF A BOND.

IS THAT IT PROVIDES THOSE FUNDS. AND WHAT THAT DOES WITH THE ÃÃWHAT WE ARE ALSO SHOWING US HOW MUCH YOU CAN ACCUMULATE EACH YEAR. AND SO, BY 2031, AGAIN, EACH OF THESE SCENARIOS BITE 2031 HAS THE 1.9 BILLION AND NEEDS. AND ÃÃTHE THIRD COLUMN IS THE CONSTRUCTION RATE PER THOUSAND. AND SO, THE CURRENT CONSTRUCTION RATE PER THOUSAND IS A DOLLAR 15 PER THAT'S BOTH A COMBINATION OF OUR BONDS AND OUR 2019 CAPITOL PROJECTS LEVY.

AND THEN THAT SHOWS WHAT THAT RATE WOULD BE AND RUNNING A LEVY AND COMBINING THE BOND.

AND THEN, YOU COULD SEE THAT WHEN YOU DO THE THIRD LEVY, THE RATE JUMPED FROM ONE DOLLAR AND 39 TO 292. AND THEN THE LAST COLUMN SHOWS THE TOTAL TAX RATE. IN THIS SCENARIO. IT WOULD BE THREE DOLLARS AND THEN WHEN YOU BRING THAT LAST LEVY AND, IT JUMPS TO $4.53. SO, AGAIN, AND WE WILL SHOW YOU HOW WE LAY OUT THE PROJECTS. BUT THIS SCENARIO REALLY, YOU ARE DOING MORE OF YOUR PROJECTS TOWARDS THE END OF THE FUNDING STREAM. THE OTHER THING THAT WE TALKED ABOUT WAS AGAIN, HOW DOES THE FUNDING ÃÃWHAT DOES THE FUNDING ALLOW US TO DO ABOUT WHEN WE CAN BRING IN 1/5 COMPREHENSIVE HIGH SCHOOL? SO, THIS POTENTIALLY ÃAS WE'VE GOT 1/5 CONFERENCE OF PLAN AND CONSTRUCTED BY 2028. SO, STRATEGY ALSO. I'VE GOT TO FIND THE MOUSE. STRATEGY TWO Ã ÃTHE ALL BOND STRATEGY. YOU ARE STARTING OUT WITH A BOND IN 2022 AND THEN ANOTHER BOND TWO YEARS LATER IN 24. AND THEN THE NEXT BOND WOULD BE IN 2030.

SO, YOU CAN SEE IT KIND OF CHANGING HOW YOU ARE COLLECTING YOUR DOLLARS. YOU COULD ACTUALLY SELL BONDS IMMEDIATELY AFTER THE ELECTION. SO, YOU COULD SELL FUNDS IN 2022. AND AGAIN, YOU CAN SELL THOSE BONDS OVER A DIFFERENT TIME PERIOD. YOU WOULDN'T NECESSARILY SELL

[01:00:08]

AGAIN, GETTING YOUR $1.9 BILLION, THE TAX ÃÃTHE CONSTRUCTION TAX RATE WOULD GO TO $2.31. AND THEN DROP IN 2031 AND THEN THE TOTAL TAX RATE WOULD BE $3.92. SO AGAIN, THE MORE PROJECTS WOULD BE DONE TOWARDS THE END OF THE FUNDING STREAM BECAUSE YOU ARE DOING LEVEES FIRST AND THEN BONDS. IT DOES A LIFETIME TO BUILD THAT COMMUNITY ÃJUST THE COMMUNITY KNOWLEDGE REGARDING THE BOND. AND WHEN YOU DO THE BOND, YOU GET IMMEDIATELY FUNDED FOR THOSE PROJECTS IN THAT BOND. YOU CAN SELL THIS AND IS STRUCTURED TO ONCE THE BOND IS PASSED IN 2030. SO THOSE DOLLARS, AND SEE THIS BIG JUMPS, YOU SELL THE MAJORITY OF DOLLARS RIGHT AWAY. OVER TWO YEARS. OKAY. AND I DID ÃÃ LET ME JUST GET ÃÃTHEN, THREE A AND THIS IS AGAIN, A SIMILAR OF WHAT WE SHOWED IN SEPTEMBER 13. THIS IS THE STRATEGY WHERE THE ONGOING LEVY ECSTASY COULD BE EVERY FOUR YEARS TO SIX YEARS. BUT YOU DID NOT HAVE THE FUNDS UNTIL 2039. SO, YOU HAVE A LEVEL TAX RATE OF A DOLLAR 39. A TOTAL TAX RATE OF THREE DOLLARS. SO, IT PROVIDES LITTLE TAX RATE EACH YEAR. A SLIGHT INCREASE AT THE OUTSET.

IN GENERAL, WE TALKED ABOUT A LEVY STRATEGY AS SOME OTHER DISTRICTS. USE A SOLELY USED LEVY STRATEGY. THOUGH, YOU TYPICALLY HAVE A STABLE AND LEVEL ENROLLMENT. THEY ARE NOT GROWING AS FAST AS WE ARE. SO, THIS DOES PROVIDE A LONGER TIME TO RECEIVE THE FUNDING AND PROJECTS AND THEREFORE WOULD BE DONE TOWARDS THE END OF THE FUNDING STREAM.

ND THEN THIS NEXT SLIDE ÃÃ AND AGAIN, THESE ARE ALSO IN YOUR BOARD DOCS ALSO. YOU CAN PUT THIS DOCUMENT UP. WHAT WE DID WAS TAKE THE PROJECTS AND THEN AGAIN IN AN ATTENTIVE

[01:05:05]

AS YOU CAN SEE AS MUCH IN STRATEGY ONE, THIS IS MORE OF A DINNER, THE PROJECTS ARE SPREAD. SORRY, I'M GETTING MY NOTES HERE. THE PROJECTS ARE SPREAD MORE THE END. WE'RE DOING MORE PROJECTS IN 2931. THE 32. STRATEGY TWO, YOU COULD DO PROJECTS UP FRONT.

AND THEN STRATEGY 3B IS MORE SPREAD EVENLY THROUGHOUT THE TIMES WHEN IN STRATEGY FOR IS ALSO MORE TOWARDS THE END. AND SO, LET ME æ JOHN, DO YOU WANT TO ADD ANYTHING. THE NEXT SLIDE IS KIND OF GETTING MORE FEEDBACK ON CONSTRUCTION FUNDING. QUICK COULD GO BACK

TO THAT SLIDE? >>YES. >>WOMEN TO PROVIDE THREE A AS

WELL. >>YES. ÃÃIS IT IN BOARD DOCS? >IF IT IS IN THE BOARD DOCS, IF YOU PULL UP THE PROJECT ARE INCLINED, I HEADED TO THE PROJECT TIMELINE.

DIDN'T GET ON THE POWERPOINT. >ON THE TIMELINE, WHEN I WAS LOOKING

FOR, IT WAS THE ÃÃI CAN DRAG IT. >>THERE WE GO.

>>I CAN DRAG IT. IT SHOWS THE COMPREHENSIVE HIGH SCHOOL. YOU WOULDN'T BE ABLE TO DO UNTIL

2032. AND THEN ALL PROJECTS, YOU CAN GET DONE BY 2040. >>CAN YOU PUMP THAT SIZE UP AT

ALL? >>YES. >>IF POSSIBLE. IF NOT, SO BE

IT. >>THANK YOU. >>I HAVE NOTHING TO ADD AT THIS

POINT. I THINK WE CAN TAKE QUESTIONS. >>GREAT.

>>DIRECTOR SAGE AND BLAZED THERE. >>THANKS. I'M ASSUMING BEEN WHAT WE'RE LOOKING AT CURRENTLY WITH ALL THE STRATEGIES LISTED, TOP TO BOTTOM SCHOOL OF PROJECTS IS THAT THESE ARE IN PRIORITY ORDER. THIS IS WHAT YOU SEE IS A PRIORITY FOR

CONSTRUCTION. >>ORIGINALLY THEY WERE PUT IN KIND OF PHASED ORDERS. BUT YES, WE HAVE KIND OF OUR CRITICAL CAPACITY PROJECTS FIRST. GETTING MIDDLE SCHOOL AND SECONDARY SCHOOL CAPACITY AND THEN YES. THE NEXT PROJECT BASED ON WHERE WE BELIEVE THE

NEED WILL BE. >>SO, IT'S BASED ON CAPACITY NEED RIGHT NOW? THE CRITICAL

CAPACITY NEEDS AND NOT ANY OTHER FACTOR? >>SO, WHEN WE WERE DOING PRIORITY ORDER, WAS REALLY AROUND WHERE WE REQUIRED TO ADD CAPACITY FOR STUDENT SEATS. I KNOW OUR AGING FACILITIES ÃÃI MEAN, IT IS REALLY HARD TO PRIORITIZE ONE OVER THE OTHER.

KNOWING THAT YOU KNOW, A SCHOOL LIKE, AIKEN AND ROCKWELL AND ALCOTT SMITH AND EVERGREEN. I BELIEVE THOSE ARE THE FIVE SCHOOLS THAT WE WOULD CONSIDER AGING FACILITY RIGHT NOW.

LL OF THEM DESERVE TO KNOW, AND UPDATED SCHOOL. LIKE THE REST OF OUR DISTRICT. AND SO, YES. PRIOR TO THE ORDER IS NUMBER ONE WITH CRITICAL CAPACITY PROJECTS. WE BROUGHT TO THE BOARD ORIGINALLY, WE WERE THINKING ABOUT SHORT-TERM LIMIT LEVY CAPACITY PROJECTS

REALLY WITH THE FIRST HINT OF PROJECTS ARE. >>THANK YOU. I WANTED TO MAKE

SURE HE UNDERSTOOD. >>DIRECTOR PLAYS IN HER, YOU HAD YOUR HAND RAISED? DID I SAY THAT? [INDISCERNIBLE] OKAY. APOLOGIES. I WILL SHARE MY ÃÃLOOKING AT THIS. MY VIEW IS THAT THE ONLY VIABLE STRATEGIES ARE STRATEGY ONE.

[01:10:08]

LATER. 2040. >>YES. AND STRATEGY ONE IS THE ALL THIS JUST A LEVY BOND AND LEVY STRATEGY. AND THEN STRATEGY THREE A IS THE ÃÃTHE ONGOING LEVY TAKING LONGER TO

GET THE FUNDS. >>PUBLIC I HAVE IT RIGHT THAT UNDER BOTH THE STRATEGIES ÃÃ THE LEVY THAT WOULD BE ON THE BALLOT IN 2022 IS IDENTICAL. IS THAT RIGHT?

>>YES. >>THE QUESTION IS THEN IS THE NEXT STEP MORE LEVYING OR

ANOTHER LEVY OR DO WE TRY FOR A BOND IN 2024? >>YES. REX REMAINED SKEPTICAL

OF OUR ÃÃIS IT 2024? >>SAY THAT AGAIN ERIC? >>IT IS 2024, RIGHT?

>>FOR SCENARIO ONE, YES. I JUST WANT TO MAKE SURE. STRATEGY ONE, THE INITIAL ÃÃ

THE DRAFT PLAN IS YES. LEVY IN 2022 AND THAT ON THE 24. >>FOR ME, THIS IS ÃÃTHE IDEAL STRATEGY. AND TO ME, THIS IS THE IDEAL STRATEGY. I AM SKEPTICAL THAT IN 2024 THE POLITICAL IMPACT AND ENVIRONMENT WILL BE SUCH THAT 60 PERCENT ÃÃTHAT REMAINS TO BE THE THRESHOLD THAT WE HAVE TO BE IS PLAUSIBLE. WERE REALISTIC. YES. BUT, I'M NOT WILLING TO FORECLOSE THAT. I GUESS WHERE I'M AT RIGHT NOW IS ÃÃGOING FORWARD IS THAT I WOULD SUPPORT A STRATEGY ALONG THE LINES OF STRATEGY ONE WITH KEEPING THREE A IN OUR BACK POCKET. I GUESS. SORRY, I MISSED THE HAND AS I WAS CHATTING ON. DIRECTOR STEWART

AND DIRECTOR CARLSON? >>THIS IS FIRST A THINKER. >>11 GO FIRST LAST TIME.

>>WHAT HE HAVE? >>MARK, AND ERIKA, I JUST WANT TO ADDRESS YOUR QUESTION AND STRATEGY ONE VERSUS 3A, THE LEVY IS ACTUALLY A DIFFERENT AMOUNT. BECAUSE AGAIN, STRATEGY THREE A KIND OF DOESN'T LEVEL THE LEVY THROUGHOUT THE LIFE. THE ONGOING LEVY. SO, I THINK THAT YOU COULD DO IT FOR YOUR LEVY FOR ONE AMOUNT OR YOU DO A SIX YEAR LEVY FOR A GREATER AMOUNT. THEN STRATEGY ONE. IF YOU DO THAT.

>>IF YOU COMPARE SIX YEAR TO SIX YEAR. SO, JUST TO ANSWER THE QUESTION.

>>IS THREE A THE LEVY LEVY BOND OR IS THAT THE ALL LEVY? >>THREE IS ALL LEVY. 3B WOULD

BE THE LEVY BOND? >>'SSTRATEGY FOR WOULD BE LEVY LEVY BOND.

>>OKAY, THANK YOU. >>MY CONCERNS REALLY WITH THE LEVY BOND LEVY AGAIN, AS CHARACTERS POINTED OUT, THE POLITICAL WILL OF THE BOND IS SKETCHY I THINK. AND THAT WAS THE ONLY REASON I SUGGESTED THE LEVY BOND. SO THAT WE COULD BUILD SOME MOMENTUM JUST IN CASE WE STOPPED OUR TOE. I DON'T SEE IT BEING MUCH MORE POLITICAL SPINE AND ONLY FOR CHANGING THE 60 PERCENT THAT TO 50. AS MUCH AS I WOULD LIKE TO BELIEVE IT. I JUST DON'T SEE IT HAPPENING. THERE IS JUST AGAIN, I DON'T SEE THE SUPPORT. I ÃÃTHE ALL LEVY STRATEGY, WHILE IT TAKES LONGER, I THINK IS MORE LIKELY TO SUCCEED. WITH THAT SAID, AS ERIC PUT IT, THE MORE DESIRABLE LEVY BOND LEVY. WANT TO LOOK AT IT FROM A PRACTICAL STANDPOINT ALSO. I DON'T WANT TO ROLL THE DICE ON SOMETHING THAT WE KNOW IS

LIKELY TO NOT PASS. >>MARK, WHEN YOU SAY THE ALL LEVY IS MORE DESIRABLE, YOU SAY

[01:15:04]

HAVE A HIGHER TAX RATE. >>LORD, THAT IS A COIN TOSS. S MUCH AS I LIKE TO HAVE IT SOONER, I THINK THAT THE HIGHER TAX RATE IS GOING TO BE PROBLEMATIC AS WELL.

>>AND SO, 3B AND THAT IIIB IS REALLY BARBARA, I DON'T KNOW IF IT WOULD BE HELPFUL IF YOU WANT TO SLIDE I DON'T KNOW WHAT SLIDE THIS IS. MAYBE 32 THE KIND OF SHOWS THE OVERALL OF EACH. THIS IS JUST AS YOU ALSO HAVE THIS IS A DOCUMENT IN BOARD DOCS. IF THAT WOULD BE HELPFUL FOR YOU TO PULL UP. AS I THINK THE OTHER COMPONENT THAT THE BOARD HAS TALKED ABOUT THAT WE ALSO ARE SENSITIVE TO IS THE ACTUAL INCREASE IN TAXES PAID. BY OUR RESIDENTS. SO, RIGHT NOW, CURRENTLY PEOPLE ARE PAYING FOR AVERAGE $800,000 HOMES. AROUND $2056 ANNUALLY.

2057. SOMEWHERE IN THAT. ND SO, AT THE BOTTOM YOU COULD SEE WERE THE PROPOSED INCREASES OVER THE LIFE OF THE STRATEGY AND SO, YOU CAN SEE IN STRATEGY NUMBER ONE, THE PROPOSAL WOULD INCREASE IS BETWEEN YOU KNOW, 400 DOLLARS TO $1600. ANNUALLY, DEPENDING ON THE CYCLE YOU ARE. HER STRATEGY TWO, YOU COULD SEE IT REALLY DOES REMAIN RELATIVELY SIMILAR. WITH AN INCREASE OF ABOUT $75 AT THE HIGHEST. STRATEGY THREE A, WHICH AS YOU KNOW IS THE STRATEGY THAT GETS THE FUNDS BY JUICY 2040? BARBARA? INSTEAD OF 2039?

>>YES. >>SORRY. I MUTED. 2040. THE FUNDS ALL COME IN BY 2039. WE

COULD PROBABLY BUILD THE PROJECTS BY 2040. >>OKAY. AND SO, YOU COULD SEE THE OVERALL IMPACT ON TOTAL TAXES PAID IS RIGHT AROUND $350. HER IIIB, YOU COULD SEE ON AN ANNUAL BASIS TO INCREASE HIS RATE AROUND $1500. THERE IS AN STRATEGY FOR, THE LARGEST INCREASE DURING THAT PERIOD OF TIME IS ABOUT $1100 PER SO, THAT'S KIND OF ANOTHER WAY TO

EVALUATE THIS. IS SCHOOL TAX IMPACT. ON INDIVIDUAL. >>SORRY,

>>HE SHOULD GO. >>SORRY. NOT OFFENDED. >>ACTUALLY WANTED TO RE-ASK THE QUESTION THAT I THINK ERIC WAS GOING FOR. HICH, THERE ARE SOMEBODY'S WHERE IT'S THE DECISION TODAY WHERE FIGURE WAS STRATEGY ONE STRATEGY TO, THAT'S NOT AN OPTION. THE QUESTION IS IF WE GO IN STRATEGY ONE, A STRATEGY THREE A AND IN 2024 A FALLBACK

OPTION RELATIVE TO STRATEGY NUMBER ONE? >>THAT'S BASICALLY MY QUESTION

THAT I'M TRYING TO UNDERSTAND. >>BARBARA, CAN YOU ARTICULATE THE TOTAL DOLLARS FOR STRATEGY

JANUARY 20, 2022 LEVY? >>SO, THE TOTAL DOLLARS FOR STRATEGY ONE, THE 2022 LEVY WOULD BE THE THE 290 DISCUSSIONS ABOUT $290,000 FOR THIS. AND IF YOU DID A SIX

YEAR LEVY. >>295 MILLION FOR SIX YEAR LEVY?

>>SORRY, 295 MILLION. I FORGOT TO ADD THE THREE ZEROS. SO, YES. SO, IF YOU DID A SIX YEAR

LEVY, THAT'S THE THAT WOULD BE THE TOTAL AMOUNT. >>FOR 38, WHAT IS THE 2022 LEVY THAT YOU ARE REFERENCING IN THE ÃÃIN THE 3A, AGAIN, IF YOU DID A SIX YEAR LEVY, IT'S 359

MILLION DOLLARS. >>I'M JUST GOING TO DOUBLE CHECK. WHY WOULD IT BE MORE?

>>IT'S HOW THEY STRUCTURE THE DOLLARS COMING IN TO MAINTAIN THAT LEVEL ÃÃTHAT THREE

DOLLAR TAX RATE. >>IN STRATEGY THREE A, IT'S A CONSISTENT THREE DOLLARS TOTAL.

[01:20:07]

CHECK. JUST DOUBLE CHECK SOME MATH HERE. >>I THINK TO ANSWER THE QUESTION. IF WE WANT WITH STRATEGY ONE. WE WOULD BE ABLE TO SHIFT TO STRATEGY THREE A?

>>YEP. >>IF WE WANTED TO. WE WOULD HAVE TO ADJUST SOME NUMBERS AND THINGS LIKE THAT, BUT TECHNICALLY WE WOULD BE ABLE TO SHIFT TO THE OTHER STRATEGY I THINK TO YOUR POINT CHRIS, IF THE BOND FAILED. IS THAT KIND OF THE ONE?

>>YES. O STRATEGY ONE WE START WITH THE LOWER LEVY BECAUSE IT ALLOWS ROOM TO BRING IN MORE BONDS AND SELL BONDS. MAINTAIN THAT THREE DOLLAR TAX RATE.

BECAUSE THEY BOTH HAVE A THREE DOLLAR TAX FREE AT THE BEGINNING. SO, WE HAVE STRATEGY THREE, THEY ARE NOT PROVIDING ANY THAT SINCE THEY ARE NOT PROVIDING ANY LOWER AMOUNT TO BRING IN A BOND LATER. HOW TO SAY THAT YOU CAN'T DO THE, BECAUSE YOU CAN STOP LEVY. THIS ASSUMES AN ONGOING STRATEGY THREE. SINCE AN ONGOING LEVY, YOU CAN STOP LEVY IN BRINGING A BOND. SO ANY OF THESE STRATEGIES CAN OBVIOUSLY BE TOUCHED IS

SHIFTED. >>I WAS JUST LOOKING AT THE ANNUAL 23 AND 24. THE FIRST TWO YEARS BEFORE YOU PASS A BOND. OR A SECOND LEVY. AND IT WAS COMING IN AT 35 AND 45.

IT LOOKS TO ME LIKE UNDER THE HOOD, THESE ARE BASICALLY THE SAME NUMBERS AND TOTAL DOLLARS OF LEVY. THE REASON I'M ASKING THAT QUESTION IS THAT FUNDAMENTALLY, THOUGH I DON'T THINK FOR CLOSING THE DOOR ON TRYING TO RUN A BOND, I THINK THAT IT IS THE FISCALLY PRUDENT THING TO DO TO RUN A BOND. THINK IT'S POLITICALLY A DIFFERENT DIFFICULT THING TO RUN A BOND IN 2024. BUT FROM THE PERSPECTIVE OF MAKING TODAY'S DECISION, I'M COMFORTABLE WITH GOING TO EITHER STRATEGY ONE OR STRATEGY THREE A AS MY PREFERRED CHOICES. GIVEN THAT THEY ACTUALLY ARE NOT DIFFERENT FROM EACH OTHER UNTIL TWO YEARS FROM

NOW. >>BARBARA, WILL YOU REMIND US WHAT CONSTRUCTION WISE, WHAT IS DIFFERENT WITHIN THE FIRST $300 MILLION OF EXPENDITURES BETWEEN STRATEGY ONE IN STRATEGY 3A? DOES THAT MAKE SENSE? O, IT'S ABOUT ÃÃSTRATEGY 3A, YOU RECEIVE ABOUT $60 MILLION MORE. WITHIN THE FIRST SIX YEARS. SO, I'M JUST CURIOUS, WHAT IS THE DIFFERENCE

IN TERMS OF WHAT WE ARE ABLE TO BUILD IN THAT TIME? >>IT MIGHT BE HELPFUL TO PULL

OUT SHEET UP AGAIN. >>THIS ONE WILL PULL UP. >>3A, THIS HAS THREE A ON IT.

SO 3A, VERSUS ONE, YOU CAN GET BECAUSE THREE I ASSUMING A LEVY ONLY STRATEGY, YOU'RE COLLECTING MORE A LITTLE MORE FRONT. SO, YOU POTENTIALLY COULD BUILD SOME OF YOUR PROJECTS MAYBE YEAR OR TWO EARLIER. WE'RE SORRY. I'M SORRY.

>>IS ANOTHER WAY AROUND. STRATEGY ONE BECAUSE IT'S GOT THE BOND. YOU ARE ABLE TO SELL THOSE BOND DOLLARS UP FRONT. AND SO, YOU ARE ABLE TO BUILD THIS PROJECTS EARLIER. SO, YOU CAN SEE THE FIRST COMPREHENSIVE HIGH SCHOOL, THERE IS POTENTIALLY A FOUR-YEAR DIFFERENCE BETWEEN ONE THAT CAN BE BUILT IN THE FIRST THREE YEARS, THE DIFFERENCE IS ACTUALLY STRATEGY ONE. BECAUSE WE ARE POTENTIALLY IN THE MIDDLE SCHOOL. THE CAPACITIES

OPENING A LITTLE BIT LATER. >>AND YES. THESE ARE AGAIN, TENTATIVE ORDERS. WE CAN TEST TEST WE STILL HAVE TO KIND OF THE SIDE WITH OUR JUSTICE AS WE PLAN HIS PROJECTS. THIS REDMOND MIDDLE COME BEFORE AND KIRKLAND? JUST DEPENDS ON SO JUSTICE AGAIN, THIS WAS A SCENARIO THAT YOU KNOW, EITHER ORDER, BECAUSE THEY COST THE SAME. YOU CAN SWAP THE ORDER OF THEM, BUT IT'S BASICALLY YOU CAN DO ONE YEAR UNDER STRATEGY ONE. WERE UNDER STRATEGY 3A, YOU MIGHT BE ABLE TO GET ALL THREE DONE IN THE FIRST TWO YEARS. FOR EXAMPLE.

>>I WOULD FOLLOW UP ON THAT, LET'S DO DIRECTOR SAGE AND DIRECTOR STUART AND THEN I'LL

PUT MY HAND UP. >>SO, NOT SURPRISING I'M SURE. I'VE CONCERNS ABOUT THE COST.

I HAVE NOT PEOPLE HAVE HAD A TOUGH TIME. DURING THIS. THIS PAST YEAR AND 1/2. AND I WANT

[01:25:11]

PERHAPS WE'RE GONNA GO WITH THREE A IS LEVY LEVY LEVY. WHAT IF ON THE SECOND LEVY, AN OPPORTUNITY COMES ALONG AND WE CAN PARTNER WITH SOMEBODY TO BUILD? IS THERE ANYTHING THAT

WOULD PRECLUDE US FROM DOING THAT? >>ABSOLUTELY. AND ACTUALLY, ANY OF THESE FUNDING STRATEGIES ALLOWS US TO HAVE DOLLARS TO BE ABLE TO ENTER INTO THOSE PARTNERSHIPS. ACTIVELY. BREAK DID IT RATHER THAN PASSIVELY. HAT MAKE SENSE.

>>YES, IT DOES. >>IT'S JUST THE TIMING OF ONE OF PARTNERSHIPS MIGHT DEVELOP IF YOU KNOW, IF THE DEFAULT TWO YEARS AFTER YOU KNOW, YOUR BOND FOR EXAMPLE OR TWO YEARS AFTER THE LEVY. AGAIN, AND MIGHT JUST BE COMING BACK AND REPRIORITIZING HOW THOSE DOLLARS ARE USED ALSO. DEPENDING ON WHAT THE PARTNERSHIP OPPORTUNITY IS.

>>RIGHT. LONG TERM, I WOULD LIKE TO SEE THE DISTRICT LOOK AT SORT OF MORE INNOVATIVE WAYS OF CREATING FUNDING FOR CONSTRUCTION. BECAUSE THIS YEAR, WE HAVE NEW STUDENTS COMING TO OUR DISTRICT THAT WE WEREN'T EXPECTING. SO, THIS DISTRICT CONTINUES TO GROW AND HEALTHY IT'S GOING TO STOP ANYTIME SOON JUST LOOKING OUT AND ABOUT AT ALL THE DIFFERENT CONSTRUCTION PROJECTS FROM MULTI FAMILY HOUSING OR SINGLE-FAMILY HOMES, THAT IS OCCURRING. AND I THINK WE REALLY NEED TO CONSIDER DIFFERENT WAYS OF BEING ABLE TO BUILD. INSTEAD OF THE WAY THAT WE HAVE ALWAYS DONE IT. SO, IF THERE IS A WAY AT SOME POINT TO GET THAT WRITTEN IN. IT DOESN'T HAVE TO BE A PARTNERSHIP. JUST THE FACT THAT WE NEED TO SEEK INNOVATION THROUGH THESE FACES. TO CREATE WHAT OUR STUDENTS REALLY NEED

TO HAVE THAT EXCELLENT EDUCATION. >>AND I WOULD SAY EMBEDDED IN HERE. MAYBE IT'S NOT CALLED OUT, BUT WHEN I THINK ABOUT YOU KNOW, EARLY LEARNING SPACE.

OVER NEW ELEMENTARY SPACE. HAVING DOLLARS SET ASIDE FOR THOSE THINGS. THAT ALLOWS US TO LOOK AROUND OUR COMMUNITY TO SAY OKAY, WHAT ARE THE DIFFERENT PLACES WHERE NEW CONSTRUCTION IS GOING UP AND YOU KNOW, WHERE'S THERE GOING TO BE DENSITY IN POPULATION? WE ARE INVOLVED IN SOME THOSE CONVERSATIONS WERE NOT. AND NOW, I COMPLETELY AGREE THE WE'RE NOT JUST GOING TO FIND NEXT NUMBER OF ACRES TO ADD A NEW ELEMENTARY SCHOOL YOU KNOW, OVER AND KIRKLAND. I DON'T THINK IT EXISTS AT THIS POINT. THINGS DIFFERENTLY TO BE ABLE TO ACCOMPLISH THE CAPACITY AND SO, A LOT OF THIS LOOKS VERY TRADITIONAL. BUT, THE

IMPLEMENTATION OF IT WILL HAVE TO BE INNOVATIVE. >>BOARD MEMBERS CAN HELP IN THESE CONVERSATIONS. BECAUSE WE ALL KNOW DIFFERENT PEOPLE. AND WE ALL HAVE DIFFERENT CONNECTIONS. AND I JUST REALLY WANT TO SEE US HEADING IN A AND AN ADDITIONAL WAY. I'LL PUT IT

THAT WAY. >>ABSOLUTELY. >>AND AGAIN, LONG TERM, WE DON'T KNOW IS WHILE WE'VE PUT CONSTRUCTION, WE HAVE ESTIMATED INFLATION ON THESE PROJECTS, DEPENDING ON HOW THE BUILDINGS ARE DESIGNED DIFFERENTLY AND AGAIN, IF WE HAVE TO BUILD PARKING STRUCTURES, THOSE ARE ADDITIONAL COSTS. THAT ARE NOT IN THE NORMAL TRADITIONAL SCHOOL BUDGET. SO, THAT'S THE OTHER THING THAT WE HAVE TO BE AWARE OF GOING FORWARD AS THE DESIGNED CHANGED, YOU KNOW, IT MIGHT CHANGE COSTS AS WELL. AND HOPEFULLY AT THE SAME TIME, WE CAN YOU KNOW, CONTINUE TO ENHANCE OUR EFFICIENCY. AGAIN, WE HAVE BEEN DOING THAT ALL

[01:30:08]

COSTS TO BE THE MOST EFFICIENT WITH OUR TAXPAYER DOLLARS. >>I AGREE. YOU HAVE REACHED OUT AND CONNECTED WITH YOU KNOW, ON DIFFERENT CONSTRUCTION PROJECTS OCCURRING. I THINK THAT PERHAPS WE CAN USE BOARD MEMBERS TO ALSO ENCOURAGE THOSE PARTNERSHIPS.

THAT WOULD BE GREAT. >>DIRECTOR STUART? >>YES?

>>JUST AS A REMINDER AND GOING TO THE AUDIENCE, BUT TO OURSELVES AS WE LOOK THROUGH THIS, EACH TIME WE RUN A BOND OR A LEVY, WE HAVE A COMMITTEE AND BONDED LEVY COMMITTEE THAT HAS ADVOCACY. HOWEVER, THE DISTRICT ITSELF GOES TO INFORMATIONAL OUTREACH TO THE COMMUNITY. JOHN, MY QUESTION IS HOW MUCH MORE TIME AND STAFF TIME AND COST AN INFORMATIONAL

CAMPAIGN IS A BOND OVER LEVY? >>I DON'T KNOW IF THERE'S A DISCERNIBLE AMOUNT. WHAT I WANT TO FIND OUT IS HOW MUCH MORE ARE WE GOING TO SPEND TO GO FOR LEVY THAT WE WOULD FOR FOR A BOND RATHER THAN LEVY. OR IF IT'S THE SAME, JUST TELL ME SO I DON'T HAVE TO WORRY.

>>NOT SURE I CAN QUANTIFY THAT SPECIFICALLY. CORTINA, BECAUSE WHEN I THINK ABOUT WHETHER WE ARE RUNNING A SINGLE MEASURE OR A THREE MEASURE THAT THE COMMITMENT TO TRANSPARENCY AND FORMING OUR COMMUNITY, I FEEL THE SAME NEED TO DO THAT AND WHEN I THINK LIKE IF WE WERE TO GO WITH STRATEGY ONE, OR A BOND IS 2024. TO ME, THERE'S INFORMATION AT THE COMMUNITY WILL NEED TO CONTEXTUALIZE WHY WE WOULD BE ASKING FOR A BOND AND SO, THE RUNWAY FEBRUARY 20, 2024 BOND TO ME IS LONGER. BECAUSE IT'S ABOUT INFORMING. THERE'S DIFFERENT ACTIVITIES THAT I THINK WE WOULD WANT TO DO GETTING OUR PUBLIC IN OUR SCHOOLS. AND THINGS LIKE THAT.

AS WE THINK ABOUT WHY WE WOULD BE ASKING FOR THIS LARGE SUM OVER A LONGER PERIOD OF TIME.

BUT, REGARDLESS OF THE MEASURE, TO ME, WHETHER IT WAS A SINGLE CAPITOL PROJECT LEVY OR ALL THREE OF THESE ON THE BALLOT, TO ME, IT'S ABOUT JUST PROVIDING THE KIND OF ROBUST INFORMATIONAL CAMPAIGN. THAT WAS DONE THE PAST, I THINK THERE'S ALSO OTHER STRATEGIES THAT WE CAN IMPLEMENT, PARTICULARLY WITH WHAT WE'VE LEARNED IN THE LAST YEAR. THE REACH THAT WE HAVE WITH VIRTUAL MEETINGS IS TREMENDOUS. I THINK LEVERAGING THAT, I THINK MORE PEOPLE WILL PARTICIPATE IN OUR INFORMATIONAL CAMPAIGN THAN EVER BEFORE.

CUSTOMÁ YES. HERE IS MY POINT. REALLY, WE WERE ÃÃWE WERE TALKING ABOUT THE IDEA, IF THE BOND DOESN'T PASS. THE BUILD UP AND THE LETDOWN. BUT, MY CONCERN IS THAT ALSO THERE IS AN EXPENDITURE OF TIME. AND MONEY TO INFORM THE PUBLIC OF ALL THIS. AND IF IT'S ALREADY AT THE VERY SAME HELL, IT'S A VERY QUESTION OF PUTTING UP ALL THE TIME AND MONEY FOR NOTHING.

IF YOU WILL. AS IF THE OTHER STRATEGY AS A LIKELIHOOD OF PASSING IT, WE'RE PUTTING UP THE SAME AMOUNT OF EFFORT. WE DON'T HAVE TO WAIT THE TIME AND MONEY BEING WRONG.

>>YES, YES. AND I THINK TO THAT POINT, LET'S SAY WE DID A FULL BOND CAMPAIGN.

UNFORTUNATELY IT DID NOT PASS. I THINK THE WORK THAT WE DID IN INFORMING PEOPLE OF THE NEED, AS WE TRANSITION STRATEGIES TO A LEVY STRATEGY, I THINK WE COULD BUILD ON THAT. I DON'T THINK IT'S JUST LOST COSTS IF YOU WILL. BUT, I COMPLETELY UNDERSTAND THE EXPENSE OF TIME AND STAFF TIME AND RESOURCES. AND THINGS LIKE THAT THAT IS LOST IN TERMS OF A BOND CAMPAIGN. IF IT DOES NOT PASS. CUSTOMÁ IT'S ÃÃOKAY, I WILL

GO AHEAD AND I WILL STOP HERE. [LAUGHTER] >>DIRECTOR, YOU GO AHEAD.

>>I'M COMPLETELY IN SUPPORT OF CAPITOL LEVY AND ACTUALLY I WOULD STILL PUSH THAT THAT IS SOMETHING THAT WE WANT TO CONTINUE. AND UTILIZE THAT STRATEGY MOVING FORWARD. JUST FOR CONSISTENCY AND IT TAKES UP SOME OF THE VOLATILITY THAT WE GET CURRENTLY WHERE WE GO OUT

[01:35:02]

SO, THERE IS THAT COMPONENT AS WELL. THE POSSIBILITY OF A BOND DOES NOT MAKE SENSE.

KNOWING THAT THAT STILL ON THE TABLE IS BENEFICIAL FOR 2024. AND THEN BUILDING INCAPACITIES THROUGH THAT AND HOLDING THOSE CONVERSATIONS HOW TO PURSUE OTHER PARTNERSHIPS POTENTIALLY TO HELP BUILD THINGS AS WELL AND STRENGTHEN THAT PIECE. AS A COMPONENT WE CAN START TO PUT GOING FORWARD. I APPRECIATE ALL THE WORK THAT'S GONE INTO THIS. TO LOOK AT THAT. AND I WOULD STILL AGAIN, THE FLIP-FLOPPING CAPITOL LEVY IS ACTUALLY ONE OF THE LONG-TERM PLANS OF WHAT THE DISTRICT NEEDS TO BE TO CONTINUALLY MANAGE ALL THE CAPITOL DEMANDS THAT WOULD BE COMING. UNTIL THERE'S A DIFFERENT STRUCTURE IN PLACE AT THE STATE IN WHICH THEY ACTUALLY ADDRESS THESE NEEDS. THEY ARE NOT GOING TO DO IT SO, WITH THE COME UP WITH A WAY THAT IS MOST EQUABLE WITHIN THE COMMUNITY. AND SO, WHERE IS A BOND IS A GREAT OPTION, EVERY TIME WE GET TO 58 PERCENT AND DON'T GET THAT SESSION MEANS WE HAVE TO FALL BACK INTO EMERGENCY MODE. IT WOULD BE BETTER TO PLAN BEING PROACTIVE GOING FORWARD. IN ACCEPTING SOME OF THOSE DIFFERENCES THAT WE HAVE TO DO. AND THERE ARE NEW BUILDINGS FOR MODULAR DESIGNS ARE COMING UP. MUCH MORE COMMON. SOME OF THESE SHIFTS THAT ARE HAPPENING OUT THERE AS WELL. POTENTIAL FOR OTHER THINGS. SO, THANK YOU. I APPRECIATE ALL THE THOUGHT AND EFFORT GOING INTO IT. THERE'S A LOT OF WORK THAT'S BEEN DONE.

>>SIRI, CAN ASK YOU QUESTIONS HERE? >>SURE.

>>SURE. >>IF IT'S THE RECOMMENDED STRATEGY FOR YOU, OF COLLECTION BY 2039 DOES NOT SEEM AT THE RIGHT TIMELINE,, AND THAT'S YOU KNOW, A TOTAL RATE OF THREE DOLLARS, PER THOUSAND, IS THERE CAPACITY IN YOUR MIND TO INCREASE THAT RATE A LITTLE BIT MORE AND SHORTEN THE TIMELINE A LITTLE BIT, BUT NOT ALL THE WAY TO 2031?

>>I THINK A LOT HAS TO DEPEND AS TO WHAT HAPPENS IN THE SENSE THAT IN THE OPERATING PIECE.

AS WE DO THIS OPERATION LEVY AND WORKING WITH THAT, AND SAYING THE LEGISLATURE ALWAYS THROWS A NEW AND DIFFERENT THING. THAT WE DON'T MIX. AND SO, I'M A LITTLE BIT CAUTIOUS.

TO SAY THAT WE COULD, I THINK THAT WILL DEPEND ON THE COMMUNITY AND HOLDING A CONVERSATION. WITHIN INDIVIDUALS THERE. HE BOND AND THE BENEFIT OF BONDING IS THAT

IT'S 20 YEARS. >>WRITES. >>PEOPLE MOVE IN AND OUT AND THEIR CONSISTENTLY PAYING THE COST. THIS IS KIND OF WHAT THE CAPITOL LEVY WITH A REASONABLE TAX RATE. T DOESN'T MATTER WHEN YOU MOVE AND PRODUCE A CERTAIN PERCENTAGE THAT YOU ARE SUPPORTING THE SCHOOLS. WHETHER WE'RE BUILDING A NEW SCHOOL IN YOUR AREA OR SOMEBODY ELSE PAID FOR. SO, THOUGHT ABOUT NEW GROWTH. JUST ABOUT CONSISTENT COMMITMENT. TWO SUPPORTING CAPITOL NEEDS IN OUR SCHOOL DISTRICT. SO, BONDS ARE GOOD BECAUSE THEY PICK GO OVER LONG TIME. BUT THEY DON'T DO US ANY GOOD WHEN WE CAN'T

BUILD, BECAUSE OF PORTABLE COSTS OF $500,000. >>RIGHT.

CUSTOMÁ AND IT JUST SEEMS LIKE A WASTE TO BE DOING THE PORTABLE, WHEN THEY CAN BE

PERMANENTLY BUILDING. KNOWING WHERE WE NEED IT. >>YES. THANK YOU.

>>,I HAVE BEEN WRESTLING WITH IS ÃÃI THINK I SAID ALREADY. THE IDEA OF STRATEGY ONE STRATEGY THREE ÃAS FOR ME, THOSE ARE THE ONLY FEASIBLE STRATEGIES. I'VE BEEN WRESTLING WITH WHICH WHEN I THINK IS THE BETTER STRATEGY. WELL, THE MORE THAT'S JUST YES.

THE BETTER STRATEGY. MARGARET, DO I HAVE IT PUSHES HAVE BEEN TRYING TO UNDERSTAND THE DIFFERENCES. I THINK CHRIS SAID THIS ALREADY. BUT WITH THE AMOUNT THAT WE COLLECT, AND THE FIRST THREE YEARS. I LOVE YOU, BY STRATEGY ONE STRATEGY CREATE IS THE SAME. IT'S 35,000,040 5 MILLION 45 MILLION. RIGHT? AND SHE'S MUTED, BUT I THINK I SAW.

>>THAT IS ACCURATE. >>WERE CHANGES IN YEAR FOUR, WHICH WOULD BE 2026. WE ARE IN STRATEGY ONE IN THE BOND WHAT START SELLING BONDS. THAT WOULD COME ONLINE. AND FOR THE LEVY, WE WOULD THROUGH 3A, WE WOULD LEVY MORE. THAT'S THE DIFFERENCE.

>>CORRECT. >>YOU HIT IT ON THE HEAD. SO, THE QUESTION I HAVE, I THINK YOU ALLUDED TO THIS EARLIER. WE WERE TO DO STRATEGY THREE A WOULD BE A TOTAL LEVY. I

CALCULATED OF ABOUT 359 MILLION OVER SIX. >>YES. YOU æ

>>YOU CAN JUST AS WE CAN ASK VOTERS TO PROVE THAT NOT COLLECT ALL OF IT, RIGHT?

[01:40:04]

>>ABSOLUTELY. >>YOU CAN ROLLBACK. FOR THOSE BOARD MEMBERS THAT BEEN HERE LONG TIME, WE HAVE DONE THAT IN THE PAST WITH OUR EP AND OH LEVY. ANNUALLY, WE WOULD ROLL THAT BACK BECAUSE WE ARE ONLY ALLOWED TO COLLECT WHAT OS PI AUTHORIZES US TO COLLECT.

WHERE THE DECREED AMOUNT WAS HIGHER THAN THAT. SO, YOU ROLLBACK. YOU COULD HAVE A SIX-YEAR LEVY. IN THREE YEARS, YOU COULD GO OUT TO THE VOTER SAY, OR GONNA ASK YOU TO PASS UPON. AND IF THAT BOND PASSES, WE WILL ROLLBACK THAT SIX-YEAR LEVY. AND IT GOES TO A PROCESS TO ROLLBACK THE LEVY. YOU HAVE A BOARD. YOU HAVE TO YOU KNOW, TO BOARD ACTION. TO ROLLBACK.

YOU DO THAT BY OCTOBER THAT'S JUST THE YEAR PRIOR TO THE LEVY COLLECTION. AND THEN HE WOULD TEST US AND THEN YOU CAN COMMUNICATE WITH THE COUNTY THAT YOU ROLLING BACK LEVY.

>>SO, THAT HAS APPEALED TO ME. ON A PRAGMATIC LEVEL. >>I'M NOT SMART ENOUGH TO KNOW WHETHER THE MESSAGING OF THAT IS IMPOSSIBLE OR HARD. THAT'S HARD. IT CERTAINLY IS. BUT, BECAUSE YOU KNOW, I LOOK AT IT. THE TAX, THE TAX RATE IS EITHER WAY. BETWEEN WHAT WE ARE ASKING FOR AND ONE AND THREE A IS A TOTAL THREE DOLLARS PER THOUSAND. SO, IT REALLY IS ABOUT THE SAME QUESTION. ARE WE AS VOTERS NOW TO AUTHORIZE US TO COLLECT MORE?

>>,FIVE RETICULATED THAT WELL. OKAY. SORRY, I AM THINKING ALOUD AND AND TALKING. SO I GUESS WHAT I'M WRESTLING WITH IS WHETHER OR NOT ÃÃWHETHER A IIIA APPROACH POINT THE LEVY THAT WE ARE ASKING VOTERS TO APPROVE IN 2022 IS THE RIGHT APPROACH WITH THE IDEA THAT WE MIGHT STILL GO TO THE VOTERS. IT'S ALSO THE 3C. T MIGHT STILL GO TO VOTERS WITH A BOND IN 2024. IT WOULD HAVE A ROLLBACK IF IT WERE TO PASS. AND THAT IS ÃAMOUNT SAYING IT'S A GOOD IDEA, THAT IS SOMETHING THAT IS FEASIBLE, RIGHT? SOME THAT WE COULD DO.

>>THAT IS ABSOLUTELY VISIBLE. >>ALL RIGHT, THANKS. I THOUGHT ABOUT THAT. OKAY. WELL, I STILL DON'T KNOW IF THAT'S A GOOD IDEA OR NOT. BUT IT'S A GOOD IDEA.

>>AND ÃÃ [INDISCERNIBLE] >>SO, I GUESS IF I CAN KEEP TALKING FOR ONE MINUTE LONGER. IF WE WERE TO DO A STRATEGY ONE AND THE BOND WERE TO NOT PASS, LET'S SAY WE RAN A BOND MEASURE IN FEBRUARY 2020 24 OR WHAT HAVE YOU OR THAT WERE TO NOT PAST, STILL SHIFT TO AN INCREASED. MAKE AN ACCOUNT FOR THAT AND INCREASE OUR CAPITOL

FACILITIES. >>WE COULD THEN RUN A EITHER INCREASE OR THE. YOUR FOR YOUR CAPITOL FACILITY LEVY BASED ON TIMING. IF THE BONDS DIDN'T PASS. YOU COULD RUN ANOTHER

LEVY. >>YES. AND YOU COULD DO THE SAME THING AS WELL IF YOU HAVE A SIX-YEAR LEVY, THEN THE BOND DID NOT PASS. YOU COULD RUN ANOTHER LEVY AND SAY THAT WE ARE GOING TO IF YOU APPROVE THAT LEVY, YOU'RE GOING ROLLBACK THE OTHER LEVY. SO, YOU ARE KIND OF NOT AND YOU HAVE TWO CONSTRUCTION LEVIES. AGAIN, WE HAVEN'T THERE ARE

WAYS TO DO THAT. >>ASSISTED COMMUNICATIVE. YOU GOTTA BE VERY CLEAR IN YOUR

COMMUNICATION. [LAUGHTER] >>IT SOUNDS PRETTY EASY. THANK

YOU. DIRECTOR CARLSON? DIRECT ABLATION OR? >>'S SENTIMENT THAT ERIC HAS EXPRESSED, I PROBABLY AGREE WITH THAT THESE ARE THE BIBLE ONES. JUST GIVEN THE TOTAL AMOUNT OF TAXES THAT PEOPLE ARE GOING TO WANT A PAIN. I HAVE TO ADMIT THAT THIS IS STRANGE.

IF WE ÃÃMY INCLINATION IS TO SUGGEST DESIGNED THE BOND TO BE THE ONE THAT WE WOULD NEED FOR IIIA. BECAUSE THE SUCCESS OR FAILURE OF A BOND IN 2022 IS NOT GOING TO HINGE ON 60 MILLION DIFFERENCE. AND BUT, THERE IS ACTUALLY THE POSSIBILITY. WE AS A BOARD, THE MOMENT THAT WE AUTHORIZE THE PLAN TO RUN A BOND. THE CAMPAIGN CAN START. THE

[01:45:03]

BOND IF WE WERE TO AUTHORIZE THE BOND. IS THAT CORRECT? >>I THINK YOU ARE ASKING. ARE YOU ASKING? OR CHRIS, IF WE DON'T WANT HAVE BOND NOW, BUT WE CONTINUE TO EDUCATE OUR COMMUNITY ABOUT A BOND THAT WILL BE RUN IN 2024? IS THAT WHAT YOU'RE SAYING?

>>EXACTLY. WITH SCENARIO ONE, CAN WE START A BOND CAMPAIGN NOW.

>>ABSOLUTELY. IT'S SIMILAR TO WHAT WE DID WHEN WE APPROVED THE BUILDING ON SUCCESS. WE HAD IN 2016, WE SHARED WITH THE COMMUNITY OUR FOUR-PHASE PLAN. THAT WAS A BOND IN 2016. UPON IN 2018. AND WE SHARED ALL OF THE FOUR PHASES OF PROJECTS. YOU KNOW, AGAIN, A BOND IN 2022 AND 26. SO, THAT IS WHAT OUR COMMUNICATION WAS BACK IN 216. 2016. SO THAT WE COULD DO SOMETHING SIMILAR. OUR PLAN. INITIALLY WE ARE GOING TO COME TO YOU WITH THE LEVY THAT WILL PROVIDE THESE PROJECTS. ND THEN AT 2024, WE WILL COME TO THE COMMUNITY WITH THE BOND.

THAT WILL PROVIDE THESE PROJECTS BUT SO, YES, WE WILL LAY OUT THE LONG-TERM STRATEGY.

SO TO SPEAK. >>THIS IS WHERE STRUCTURALLY IT MATTERS FOR OUR COMMUNITY. THE ÃÃAND EXPLAIN THE PEOPLE THE PROBLEM. THE FACT IS THAT BY 2030, WE NEED X NUMBER OF NEW BUILDINGS, OTHERWISE EVERYBODY ACROSS THE DISTRICT IS GOING TO BE BEYOND CAPACITY. IT'S EITHER SEF PORTABLES WHERE WE ACTUALLY BUILD SOME SCHOOLS. HAT PIECE OF EDUCATION IS NOT DIFFERENT BETWEEN SCENARIO ONE AND SCENARIO 3A. WHAT IS DIFFERENT BETWEEN SCENARIO ONE AND SCENARIO THREE A IS THAT HOW LONG TERM, WHAT YOUR TAXES ARE GOING TO LOOK LIKE AND HOW FAST WE WERE ABLE TO FIX THE PROBLEM. WHEN THE BOND MONEY COMES IN VERSUS WHEN LEVY MONEY COMES IN. I HONESTLY FEEL LIKE IT OUGHT TO BE TRANSPARENT TO THE COMMUNITY AS PART OF THE CAMPAIGN TO SAY LOOK, WE ARE PROPOSING TO DO A LEVY ALL BY A BOND. IF THAT BOND CANNOT PASS, WE MUST PASS ANOTHER LEVY. AND THIS IS WHAT IT WILL LOOK LIKE. TO MAKE THE STATEMENT THAT IT'S NOT AN OPTION FOR US TO NOT BUILD SOME SCHOOLS. IT'S JUST HOW WE BUILD SOME SCHOOLS. AND HOW LONG IT TAKES US TO BUILD ENOUGH SCHOOLS. AND SO, TOWARDS THE END, I AM ACTUALLY KIND OF BEHIND RUNNING SCENARIO ONE. BUT MAKING IT VERY CLEAR TO OUR COMMUNITY, AS WE GO OUT FOR OUR FIRST BOND THAT MRS. I'M SORRY, THE FIRST LEVY, THE 2022 LEVY HAPPENS. THAT IT'S PAIRED WITH AND OUR PLAN IS THAT WE'RE GONNA ASK YOU FOR A BOND IN 2024. AND IF WE CAN'T PASS THAT BOND, WE'RE GONNA ASK YOU FOR LEVY. IT REALLY NEEDS TO BE THAT. CLEAR TO PEOPLE. THAT WE ARE BACKS AGAINST THE WALL IT COMES TO NUMBER OF KIDS. WE DON'T HAVE ANYWHERE ELSE TO PUT THEM. SO, I KNOW THE COMMUNICATING SOMETHING WITH ÃÃAND HERE'S PLAN B. TO THE COMMUNITY IS MY GOD, YOUR PLAN FOR FAILURE. WE ARE PLANNING ON THE FACT THAT WE MUST BUILD SCHOOLS. AND THIS IS HOW WE'RE GOING TO BUILD SCHOOLS. AND IF THIS DOESN'T WORK, THIS IS HOW WE'RE GOING TO BUILD SCHOOLS. I THINK THAT IT'S A MESSAGE THAT NEEDS TO GET OUT THERE AND IT MAKES CLEAR HOW SERIOUS THE PROBLEM IS. ANYWAY, I PREACH TO THE CHOIR ENOUGH. BUT THAT'S TRAUMATIC.

>>BARBARA, CAN YOU GO BACK TO THE SLIDE DECK AND GO TO STRATEGY NUMBER ONE? APIECE

THAT TEST IS ACTUALLY, THIS IS FINE RIGHT HERE. >>SORRY.

>>NEVERMIND. IN THE ÃÃ STRATEGY NUMBER ONE, SOMETHING THAT I'M STRUGGLING WITH IS IN YEARS 21 NINE AND 2030 AND 2031. THE TAX RATE JUMPED FROM THREE DOLLARS TO FOUR DOLLARS

AND 53. >>YES. >>WHICH INCREASES THE TAX, THE AVERAGE HOME OF 800,000. FROM 2400 TO 3600. I JUST WANT TO MAKE SURE THAT WE ARE ALSO REFERENCING THAT, BECAUSE ONCE SS THE IDEA IS TO ADOPT A LONG-TERM STRATEGY. AND TO WORK TOWARDS IMPLEMENTING THAT STRATEGY. AND IF WE HAVE THAT TAX SENSITIVITY IN THE IMMEDIATE, I ALSO WANT TO MAKE SURE THAT WE ARE THINKING ABOUT THAT TAX SENSITIVITY IN THE FUTURE. YOU KNOW THERE COULD BE YOU KNOW, BUT DIFFERENT BOARDS AND SUPERINTENDENTS HERE. I WANT TO MAKE SURE THAT WE ARE SETTING THE SYSTEM UP FOR SUCCESS. IN THE ADOPTION

[01:50:03]

OF THE LONG-TERM STRATEGY. >>THIS WAS ÃÃON THE RECENT THERE WAS THIS BOOK BUT LATER ON IS THAT YOU GO FROM ÃAS YOU GO FROM THE SMALLER LEVY AND PASS A LARGER BOND. AND THEN, TO GET KIND OF THE LAST DOLLAR, AS YOU NEED TO GO INTO LEVY, AT LEAST THAT'S WHERE AGAIN, THAT'S WHERE WE LAID OUT STRATEGY ONE. IN ORDER TO GET THOSE DOLLARS, ALL BY 2031.

HOW THIS SCENARIO WAS LAID OUT. ONCE THE LEVY DOLLARS ONLY COLLECTED WITHIN A THREE-YEAR PERIOD. IF THEY COME IN. HAT'S WHY THAT RATE IS IT NECESSARILY SMOOTHED OUT. IT STARTED AT THREE DOLLARS, BUT THEN, BECAUSE YOU BRINGING IN THAT LAST LEVY IN, SO, AGAIN, COULD BE STRUCTURED DIFFERENT. MAYBE AGAIN, WE ORIGINALLY HAD A STRATEGY FOR LEVY BOND. IT CAN BE STRUCTURED DIFFERENTLY TO SMOOTH OUT THAT RATE. THAT I AGREE, I THINK IT'S PROBLEMATIC LITTLE BIT TO GO THREE DOLLARS AND THEN FOR THREE YEARS, YOU ARE AT 4:53 AND THEN, ONCE THOSE ÃÃONCE THAT LEVY IS DONE, IT DROPS DOWN GETTING READY FOR KIND OF AN ONGOING NO, MAINTENANCE OF THOSE FIFTY-YEAR BUILDINGS AND THINGS LIKE THAT. AND SO, THERE WOULD BE YOU KNOW, WE WOULD HAVE TO LOOK AT THAT AND HOW YOU STRUCTURE AND MAYBE THE FIRST BOND ISN'T AS LARGE. YOU KNOW? WERE YOU REALLY ARE DOING A LEVY BOND BOND.

. >>I HAVE A FOLLOW-UP ON THAT PARTICULAR POINT. DOES ANYBODY

ELSE? >>GO AHEAD. >>I'M STRUGGLING WITH THAT BECAUSE THAT IS ÃÃI'M LOOKING AT THE VERY LARGE SPREADSHEET PROVIDED TO US ON THE 13TH.

>>YES. >>AND FOR STRATEGY ONE, I LOOKING AT A TOTAL OF THE FAR

RIGHT COLUMN. A TOTAL SCHOOL LEVY RATE. >>AND IT JUMPS UP NO HIGHER

THAN 317. >>RIGHT. AND THE REASON THAT IS DIFFERENT IS BECAUSE THAT LEVY WAS SPREAD OUT THROUGHOUT 2034. AND SO, WHAT WAS REQUESTED, ON SEPTEMBER 13 STRATEGY ONE WAS A LEVY BOND LEVY STRATEGY, BUT IT WAS THE SECOND LEVY WAS A SIX-YEAR LEVY THAT WENT THROUGH 2034. SO, THE REQUEST WAS HEY, WANT ALL THE STRATEGIES CONSISTENT ABOUT GETTING THE CASH BY 2031. SO, IN ORDER TO DO THAT, ON STRATEGY ONE, HE BASICALLY HAD

THAT LAST LEVY. REALLY CONDENSED INTO THREE YEARS. >>AND IF YOU EXTENDED TO SIX

YEARS, THE INCREASE WOULD BE $0.17? >>CORRECT. INSTEAD OF A DOLLAR

53? >>CORRECT. [LAUGHTER]

>>OKAY. I'LL BE REAL QUICK. TO ME, THAT'S THE ONLY ÃÃ THAT'S THE ONLY OPTION. OKAY.

>>OUT SOME DEALS GO. >>DIRECT LEARNER PLEASE LEARN DIRECTOR STORE AND SAGE.

>>JUST TO FOLLOW-UP. ONE IS THAT IT SOUNDS LIKE THERE'S A VARIETY OF PARAMETERS. ONE IS WORKING AT A KEEP THAT TAX RATE LEVEL FOR A PERIOD OF TIME? AND ALSO THE TIMING OF THINGS COMING OUT. THOSE ARE PARAMETERS TO CONSIDER, BUT NOT SET IN STONE. I THINK IT'S KIND OF WHAT'S THERE. AND BARBARA, ICE FROM THE FOLLOW-UP, YOU MADE THE COMMENT, YOU DON'T WANT TO HAVE TWO CONSTRUCTION LEVIES AT THE SAME TIME. BUT, MY UNDERSTANDING IS THAT YOU KNOW, YOU COULD TEST TEST THE OPTION IS THAT THEY DO EVERY SIX YEARS AND ACTUALLY HAVE THEM OVERLAPPING EVERY THREE YEARS. IN ORDER TO BE ABLE TO ABSORB

TAX RATES AND THINGS COMING OFF. >>WE SHOULD HAVE A

[INDISCERNIBLE] >>YES. IT WASN'T THAT WE CAN'T HAVE TWO CONSTRUCTION LEVIES AT THE SAME TIME, IT'S WE ALREADY HAVE A CAPITOL. WE REALLY HAVE A CAPITOL PROJECTS LEVY THAT PAYS FOR OUR FACILITIES AND TECHNOLOGY. UPGRADES AND AND SO, THEN, IF YOU HAVE 1/3 CONSTRUCTION MEASURE, LIKE WE DO WITH THE 2019, YES, YOU CAN HAVE ABSOLUTELY IN FACT GOING OUT. GOING UP FOR A CONSTRUCTION LEVY. WE WOULD HAVE THE 2019 THAT HAS THREE MORE YEARS TO GO THAN THIS CONSTRUCTION LEVY. SO, IT'S NOT THAT IT'S NOT DOABLE.

[01:55:06]

>>SO, WE WOULD HAVE ONE IN 2022? A CONSTRUCTION LEVY? AND THEN WE WOULD HAVE IN 2025,

THE FIRST CONSTRUCTION LEVY FROM 2019 WOULD BE GOING OFF? >>RIGHT, AND IF HE DID A SIX-YEAR LEVY, AND THE REASON, IF YOU LOOK AT THE SHEET, YOU CAN BUMP UP THAT THIRD YEAR, SO THE FIRST NUMBERS IS 35,000,040 5 MILLION 45 MILLION. OF THEM BY THE FOURTH YEAR, IT JUMPS AND GOES TO 58. BECAUSE THAT 20 MILLION IS DROPPING OFF. .

>>YOU STRUCTURE IT SPECIFICALLY TO PULL IN THAT DROP-OFF IN THE INITIAL PULLOUT.

>>CORRECT. >>WE COULD RUN A SECOND CONSTRUCTION LEVY NECESSARILY USING THOSE DOLLARS BECAUSE YURI BUILT THAT INTO THE 2022 LEVY?

>>CORRECT. >>OKAY. >>YOU WOULD RUN ÃÃIF AGAIN, IF WE TALKED ABOUT THAT AS WE BUILD IN A BOND THAT JUST A SUCCESSFUL BOND. THOSE DOLLARS HAVE BEEN BUILT IN. SO, SHOULD THAT BOND NOT PASS, YOU COULD THEN COME IN AND SAY OKAY, WHAT ARE THE DOLLARS THAT WE HAVE THAT WE COULD USE TO PASS A LEVY?

>>OKAY, THAT EXPLAIN THE DIFFERENCE BETWEEN ONE AND 3A. AND I'VE BEEN AGAINST THAT FROM A LONG-TERM STRATEGY. MOVING TO THE LEVIES AS OUR APPROACH IS PROBABLY THE BEST WAY TO GO.

>>EARLIER, CHRISSY, TALKED ABOUT HAVING A LONGER-TERM CAMPAIGN. THE IDEA THAT WE START ONE YEAR AND THE CAMPAIGN GOES FOR FOUR YEARS. AS SOMEONE WHO'S MADE A CAREER OF RUNNING PUBLIC INFORMATION CAMPAIGNS AND ADVOCACY CAMPAIGNS, TWO THINGS HAPPENED.

FIRST OF ALL, THE TEAM ITSELF IT'S A FATIGUED WALL. AND CAN KEEP THE DRUM BE GOING. AND BEFORE THAT HAPPENS, USUALLY, THE AUDIENCE IS ALREADY FATIGUED AND STOP LISTENING.

AND THAT'S THE PROBLEM WITH RUNNING A LONG-TERM CAMPAIGN. IS THAT IT WEARS OUT THE PEOPLE RUNNING THE CAMPAIGN, BUT IT WEARS OF PEOPLE LISTEN TO IT AND THEY JUST TUNE YOU OUT.

ND THAT'S MY CONCERN ABOUT FOR YOUR CAMPAIGN ON EVEN WHEN YOU'VE GOT A DRUMBEAT GOING.

TRUST ME, HAVING TRIED THAT. I DID. I WENT FOR A HEALTH SYSTEM REFORM DEBATE BACK IN THE 90S. THEY WENT FOR FOUR YEARS. TWO YEARS WAS OURS AND CLINTON PICKED HAS APPEARED IN

A TIE AFTER FOUR YEARS, NOBODY GAVE A DAMN. >>IT JUST ÃÃTHANK GOD IT'S OVER. WE ALSO JUST AS I WASTED FOUR YEARS OF MY LIFE FOR NOTHING. SO, I CAN SEE THE DESIRE. YOU CAN BUILD YOUR MOMENTUM SO TO SPEAK. BUT I DON'T THINK YOU ABSOLUTELY HAVE A LONG-TERM INCLINE OF MOMENTUM. YOU HAVE A SERIES OF MOMENTUM'S AND PLATEAUS. AND ALL OF A SUDDEN, YOU WILL HIT A POINT WHERE NO ONE WANTS TO GO ANY HIGHER. AND THAT IN THAT EVENT, RELEGATES YOUR WHOLE CAMPAIGN TO DEFEAT. BECAUSE YOU ALL OF A SUDDEN JUST SAY FORGET IT. OR YOUR AUDIENCE DOES THE SAME THING. THAT'S MY CONCERN FROM A COMMUNICATION

STANDPOINT. >>AND SO, MASK YOUR CLARIFICATION QUESTION ON THAT THEN. MY THINKING WAS LESS ABOUT TURNING THIS INTO A MARATHON AND MORE ABOUT MAKING THE HONEST CAMPAIGN FOR THE 2020 TWO LEVY. INCLUDE WHAT WE ARE GOING TO DO IN 2024. AND THEN SO, BY THE TIME WE GET TO AFTER THAT AFTER WE PASSED FIRST LEVY, AND CANNOT THE CAMPAIGN DROP FOR NOW. YOU COME BACK, IT'S LIKE OUR MEMBER HOW WE TOLD YOU WE WERE GONNA

DO THIS? >>IT'S NOT SURPRISING 2024 WHEN WE ARE TRYING TO DO THAT.

CUSTOMÁ [INDISCERNIBLE] I TOTALLY HEAR YOU. THE EIGHT

THREE-YEAR THING AS A FRAT FLAT OUT SPRINT IS NOT GONNA WORK. >>NOT ONLY THAT, BUT ONCE YOU THEN ÃÃLET'S SEE PAST THE FIRST LEVY, THEN READABLE OUT OF THE PUBLIC'S SAYING THAT WE JUST PASSED THAT WONDERED WHAT YOU NEED ANOTHER ONE FOR? YOU KNOW? THAT WAS A CONCERN FOR ME. WHENEVER WE GET TO 58.5 PERCENT ON A BOND. AND FAILED. THERE'S A PERCENTAGE OF THE

PUBLIC THAT SAYS YOU HAD 58.5. WE MEAN IT DIDN'T PASS? >>BECAUSE THEY STILL DON'T HAVE 60 PERCENT. SO, TO DO THIS, TO HAVE THAT KIND OF CAMPAIGN, IT'S GONNA TAKE NOT JUST ON STAFF PUBLIC INFORMATION CAMPAIGN, BUT THE ADVOCACY CAMPAIGN FROM THE OUTSIDE IS GOING TO BE HELLACIOUS FROM THE COST STANDPOINT. AND FUNDRAISING STANDPOINT. AND FOR THAT MATTER, EFFORT STANDPOINT. AND BASICALLY AN ALL VOLUNTEER EFFORT WHEN YOU

COME DOWN TO THE ADVOCACY CAMPAIGN. >>AND I JUST DON'T SEE IT

[02:00:03]

IT'S JUST FROM COMMUNICATION STANDPOINT. >>THANK YOU.

>>DIRECTOR SAGE? >>SO, I JUST WANTED TO EXPRESS THAT I THINK THE MOST VIABLE

OPTION IS THE LEVY OPTION. >>I THOUGHT THIS THROUGH FOR A COUPLE OF YEARS NOW.

>>AND WATCHING OTHER DISTRICTS AND HOW THEY ARE ABLE TO FINANCE THEIR CONSTRUCTION AND I THINK FOR OUR DISTRICT, THE LEVY LEVY LEVY WOULD BE THE MOST SUCCESSFUL.

>>I AGREE. >>SO, DOCTOR HAMMOND, DID YOU Ã ÃI SAW YOUR MIC IN YOUR SCREEN

LIT UP AS IF YOU WERE ÃÃ [LAUGHTER] >>I WAS WRITING ON THIS END.

>>. >>I THINK I'M THERE ALSO. AND WHEN I LOOK AT THE ÃÃTHE REASON THIS IS WHEN I LOOK AT WHAT IS REALLY WHAT WOULD BE SS ACTUALLY DON'T VIEW STRATEGY ONE THAT WAS PRESENTED TODAY AS VIABLE EITHER. I THINK THAT THE STRATEGY ONE THAT WAS PRESENTED AT THE LAST MEETING, WE ARE LOOKING AT A SIX YEAR LEVY AND WE ARE NOT BRINGING IN ALL THE FUNDS THAT UNTIL LATER. BUT ESSENTIALLY THE PROJECTS WOULD NOT BE COMPLETE UNTIL

2034 IS WHAT I THINK I SEE. >>2035. >>THAT IS CORRECT.

>>THOSE LEVY COLLECTIONS WOULD COME THROUGH 2034. SO POTENTIALLY THERE WOULD BE A PROJECT DONE BY 2035. SOME OF THE PROJECTS WOULD TAKE UNTIL ABOUT A YEAR AFTER THAT.

>>AND SO, THE DIFFERENT TO ME IS THE QUESTION IS STRATEGY ONE VERSUS 3A IS FIVE YEARS DIFFERENCE. RIGHT? BASICALLY IN TERMS OF TAKING HER CONSTRUCTION.

>>WHAT IS THE COST? WHEN WE LOSE BY DOING THAT AND WHAT TO BE GAME? AGAIN. BYPASSING UP BOND, YOU WOULD GET OUR FACILITIES BUILT FIVE YEARS SOONER. SOME SCHOOLS BUILT FIVE YEARS SOONER. I JUST ÃÃ I THINK THAT SHIP ÃÃTHE PROBLEM THAT WE'VE HAD AND DIRECTOR, PLEASE REFERENCE THIS TOO. OUR ABILITY TO BREACH THE 60 PERCENT THRESHOLD THAT THERE IS BEEN THIS SORT OF ÃÃIT HASN'T BEEN AS CONSISTENT. OUR MESSAGE HASN'T BEEN CONSISTENT.

OUR CONSTRUCTION AND NOT BEEN AS CONSISTENT. AND I KNOW THAT I JUST THINK THAT WE ÃJUST THINK WHERE I THINK WE NEED TO ÃÃI GUESS BITE THE BULLET IS WHAT I WILL SAY. THE PHRASE.

I THINK WE JUST NEED TO MAKE THAT SHIFT NOW TO CAPITOL PLAN. A LEVY PLAN. AT THE COST OF KNOWING THAT IT MEANS THE SCHOOLS THAT WE REALLY NEED TO GET BUILT WILL NOT BE BUILT UNTIL FIVE YEARS AND FIVE YEARS LATER THAN IF WE WERE GONNA GO WITH THE PLAN THAT HAD THE BOND IN THERE. I JUST ÃÃTO ME, THE BENEFITS OF NOT BEING ABLE TO GO OUT WITH A LARGER LEVY Ã ÃAND GOING OUT TO A CLEAR LARGER LEVY IN 2022 AND HAVING A CLEAR ÃÃA IT MUCH EASIER TO ARTICULATE LONG-TERM PLAN, THE BENEFITS OUTWEIGH THE COST. THAT'S WHERE I'M AT RIGHT NOW.

>>I'LL EXPAND ON THAT. >>THE REASON WHY IS THAT IN THE END, I THINK MY INTEREST IS IS GETTING THESE THINGS DONE. AND THAT IS THE GOAL. TO GET THEM DONE. AND IF GETTING ÃÃIF THE ADDED CERTAINTY THAT I FEEL BEING ABLE TO GET THAT DONE, THE BENEFIT OF THAT OUTWEIGHS

THE COST OF THE ADDITIONAL YEARS. >>AND SO, ONE OF THE THINGS THAT I'VE BEEN PONDERING IS THAT I'M SITTING HERE IS WHAT ARE WE GOING TO HAVE TO ÃÃ SORRY, WHITES JUST TURNED OFF ON THIS END. AND THEY JUST CAME BACK ON. SORRY, WHAT ARE WE GOING TO HAVE TO DO IN RESPONSE TO 3A? TO BE ABLE TO PROVIDE FOR THE REQUIRED

[02:05:08]

GOING TO GROW TO 2300 STUDENT SCHOOL. >>IN THE NEXT COUPLE OF YEARS, 18 THE HIGH SCHOOL WILL BE AT OR OVER CAPACITY. UST WITH CURRENT BOUNDARIES AND SITUATION. THE REASON WE HAVE ADDITION TO THREE OF OUR MIDDLE SCHOOLS IS THAT THEY ARE EXPERIENCING THE SAME GROWTH RIGHT NOW. THEY ARE EXPERIENCING WHAT OUR OWN LAUNDRY SCHOOLS DID A HANDFUL OF YEARS AGO. BUT IT'S JUST THIS RAPID GROWTH, BECAUSE OF WHO IS ALREADY IN THE SYSTEM. LET ALONE WHO IS MOVING IN. SO, I DON'T HAVE THE ANSWER TODAY FOR WHAT WE WILL HAVE TO DO, BUT THERE IS ALSO GOING TO BE AN INTERIM STRATEGY IF WE GO WITH 3A. WHERE WE ARE NOT COLLECTING THE FUNDS UNTIL ÃÃ REALLY, IT'S ALMOST 2 DECADES.

IS THE PLAN THAT WE WILL BE IMPLEMENTING. AND I SAY THAT BECAUSE WHEN I THINK OF THE STRATEGY THAT I THINK WELL, MY RECOMMENDATION IS STRATEGY TWO. I'M JUST NOT SURE IT'S A FEASIBLE STRATEGY. BUT WHEN I THINK OF TAX IMPLICATIONS AND LONG-TERM AND ALL OF THE, I WILL PUT THAT ON THE BACK BURNER PRODUCTION NOT MY RECOMMENDATION TO THE BOARD PRODUCTION IS MY DESIRE. AS A COMMUNITY MEMBER AND AS A SUPERINTENDENT. KNOWING HAVING DOLLARS UPFRONT TO DO PROJECTS. ALLOWS US TO IMPLEMENT MUCH QUICKER. FOR ME STRATEGY ONE, FROM SEPTEMBER 13, GIVES US TO ME, TO ME, THAT'S THE EVEN BALANCE BETWEEN BEING ABLE TO DO MORE OF THESE CRITICAL PROJECTS SOONER. THE TAX RATE DOES HAVE ÃÃIT DOES INCREASE.

IN THE LATER YEARS. BY $0.17. BUT THE OVERALL IMPACT IS KIND OF IN THE MIDDLE OF ALL THESE.

AND SO, FOR ME,, THE EFFORT OF GOING THROUGH A BOND CAMPAIGN IS WORTH IT AND IF FOR WHATEVER REASON THAT IS NOT SUCCESSFUL. THEN SHIFTING TO AN ONGOING LEVY STRATEGY FOR ME FEELS LIKE THE RIGHT APPROACH. BECAUSE WE ARE WE ARE AT LEAST GIVING IT A TRY. KNOWING THAT THAT BOND PROVIDES CRITICAL DOLLARS. FOR CRITICAL CAPACITY. BECAUSE REDMOND HIGH SCHOOL AND EASTLAKE HIGH SCHOOL ARE PACKED. AND WHILE IT MAY NOT APPEAR THAT THEY ARE AT CAPACITY, IS WAY WAY BEYOND WHAT THEY ARE ABLE TO ÃÃTHOSE SCHOOLS WERE BUILT ORIGINALLY TO HOUSE 16 AND 17 AND 1800 STUDENTS. NOT 2400 STUDENTS. AND I KNOW THAT WE HAVE ADDED WINGS. WE HAVE EXPANDED SOME CAFETERIA SPACE AT THOSE SCHOOLS. THEY JUST WERE BUILT FOR WHAT IS CURRENTLY THERE. AND SO, FOR ME, THAT IS WHY STRATEGY ONE, WITH THAT SECOND LEVY BEING A SIX-YEAR, NOT A THREE YEAR, TO ME, IS THE RIGHT APPROACH. AT LEAST FROM A STRATEGY STANDPOINT. KNOWING THAT WE CAN SHIFT STRATEGY IF IF IN 2024 WE ARE NOT

SUCCESSFUL. >>A BETTER QUESTION FOR YOU JOHN. NOT TO JUMP ON IT. JUST A QUESTION BASED ON WHAT YOU JUST SAID. THE FACT THAT WE NEED TO HAVE MORE CAPACITY SOONER. AND THAT CAPACITY TO ME IS NOT GOING TO GO AWAY. IF THAT BOND FAILS. SO, MANY MORE YEARS WILL WE HAVE TO DELAY THE GATHERING OF THE MONEY IF WE HAVE TWO YEARS OF A BOND

CAMPAIGN AND IT FAILS? >>AND SO, STRATEGY ONE HAS A 2022 LEVY. AND AT THIS POINT, IT'S

[02:10:02]

ETWEEN STRATEGY 38 STRATEGY ONE, THE DIFFERENCE IS 60 MILLION. AND SO, IT'S ÃÃ THAT'S NOT A FULL ELEMENTARY SCHOOL. AND SO, WHAT YOU ARE INCLUDED WITH 60 MILLION IS DIFFERENT. OR IS ÃÃNOT LIMITED, BUT LESS. AND IF WE HAD TO SHIFT TO AN ONGOING LEVY STRATEGY, WE ARE REALLY ALREADY IN LINE TO BE ABLE TO DO THAT. BECAUSE 3A, YOU'RE RUNNING A

LEVY IN 2022 AND AGAIN IN 2028. IS THAT CORRECT HARBOR? >>AGAIN, YOU COULD CHANGE THE STRUCTURE. YOU COULD MAKE IT A FOUR YEAR, SO, YOU'RE RUNNING IN 22 AND 26. SO, JUST DEPENDS

HOW YOU STRUCTURE IT. HOW THEY IN THE DRAFT, PROPOSE IT. >>IT'S A SIX-YEAR LEVY AND THEN YOU WOULD RUN IT. THE SECOND ONE. IN 2028. SO æ BUT MARA, I THINK TO ANSWER YOUR QUESTION, YES. STRATEGY ONE. YOU KNOW, IF YOU DO A LEVY IN THE 2024 AND THEN A BOND AND THAT BOND DOESN'T PASS, THEN, AGAIN, YOU CAN COME BACK IMMEDIATELY AND DO A LEVY OR YOU CAN WAIT TWO YEARS. IT DEPENDS ON OUR DECISIONS. ON HOW HOW LONG WE WANT TO WAIT.

>>YES. >>AND FOR ME, I AM SENSITIVE TO THE OVERALL TAXES.

INDIVIDUALS. AND SO,, WHILE FOR ME, HE BOND STRATEGY ACTUALLY ADDRESSES THAT THE BEST. IT'S JUST FOR WHATEVER REASON, OUR COMMUNITY, I DON'T THINK IS THERE IN 2022. I THINK THAT'S WHY THE ONGOING WORK TO BUILD UP 2024, WE POSSIBLY COULD GET THERE. WE ALSO KNOW THAT THERE COULD BE LEGISLATIVE ACTION. POTENTIALLY BETWEEN NOW AND 2024. SO, THAT'S WHY LAND ON STRATEGY ONE. IF THE BOARD SAID YOU'RE JUST NOT THERE, WE WOULD RATHER GO WITH STRATEGY 3A, I COMPLETELY GET IT. SO, I COMPLETELY UNDERSTAND. WE WILL JUST HAVE TO DO SOME DIFFERENT TYPES OF ACTIONS. SUCH AS MAYBE ADDING PORTABLES AT SCHOOLS FOR A PERIOD OF TIME. TO BE ABLE TO ACCOMMODATE GROWTH.

>>DIRECTOR PLACE IN HER AND THEN DIRECTOR CARLSON. >>JUST A FEW THINGS ON THIS.

SO, WHERE DOES SCAP COME INTO THIS OR IMPACT THESE? HAS THAT BEEN BUILT INTO THIS AT ALL OR

NOT IN THIS POINT IN TIME? >>AT THIS POINT IN TIME, MINE Ã TEST THE NEED IS JUST TOTAL NEED. AND WE BUILT THAT NEED INTO THE SCENARIOS WHERE THE ONLY PLACE WE GET SCAP, WE BELIEVE IS IF YOU REBUILD AN AGING SCHOOL. SO, THE FIRST TEST TEST THE FIRST COUPLE PROJECTS IN THE FIRST CRITICAL PHASE. YOU KNOW, THOSE WOULD BE NEW. WE GET THE POTENTIALLY COULD GET A SMALL AMOUNT OF SCAP ON THE ADDITIONS. BUT ALL DEPENDS ON WHAT YOUR CURRENT CAPACITY IS. SO, THERE IS A POTENTIAL FOR SCAP. BUT, THAT WOULD NEED TO BE ANALYZED AND IT'S NOT A GUARANTEE. AND THE CHALLENGE WE HAVE WITH 2016 AND BUILDING SCAP INTO THAT IS WE STILL HAVEN'T COLLECTED ALL THOSE PROJECTS ARE DONE. BUT, WE STILL HAVE NOT COLLECTED ALL OF OUR SCAP MONEY FROM THE STATE. BECAUSE THE STATE REQUIRES YOU TO SPEND THE MONEY FIRST. AND THEN AND THEY WILL REIMBURSE YOU AFTERWARDS AND IT'S A LONG ARDUOUS PROCESS THAT GETS REIMBURSED. AND SO, IT REALLY COULD PUT YOUR CASH FLOW IN A KIND OF A CRIMP. AND WE HAVE BEEN ABLE TO MANAGE IT THIS TIME. WITH THE 2016 BOND.

UT, IT'S A CHALLENGE. AND SO, WHAT WE HAVE DONE THOUGH IS WHEN THOSE SCAP DOLLARS CAN ARE FINALLY COLLECTED, BECAUSE WE Ã ÃFOR THE 2016 BOND. BECAUSE WE DID BRING THOSE PROJECTS YOU KNOW, WITHIN BUDGET. AND THERE WAS OTHER INTERESTS AND EARNINGS ON TOP OF WHAT WE WERE ORIGINALLY ESTIMATED AND ADDITIONAL IMPACT FEES. WE WERE ABLE TO USE THOSE SCAP DOLLARS FOR OTHER PROJECTS. AND SO, IN THIS CASE, WE PURCHASED LAND. WE PURCHASED THE CABIN PROPERTY CABIN 188 WITH THOSE SCAP DOLLARS. AND AGAIN, WE HAVE NOT COLLECTED ALL OF THEM YET. SO, IT WAS A LONG ANSWER TO A QUESTION, BUT THAT'S TEST.

[02:15:22]

>>SO THE ANSWER IS NO, SCAP DOLLARS IN IMPACT THESE ARE NOT BUILT INTO THIS AT ALL COULD THIS IS ACTUALLY THE LEVY BEING THE FULL AMOUNT WITHOUT THAT COMPONENT?

>>YES IT'S FULL. >>IS RECOGNIZING THE CHALLENGES WITH THAT AND ADDRESSING THE CASH FLOW AND THAT WE HAVE PORTABLES AND THINGS AHEAD AS WELL AND HAVE TO BE ADDRESSED

AND OFTEN THOSE ARE IMPACT FEES GOING. >>AND GIVEN THAT THE IMPACT FEE FUNDS ARE MORE, YOU KNOW, WE ARE SEEING MORE MULTIFAMILY BUILDINGS BEING BUILT. AND WE DON'T GET THE IMPACT FEES AS YOU KNOW, THE IMPACT FEES ARE MUCH LOWER FOR MULTIFAMILY THAN THEY ARE FOR SINGLE FAMILY. AND SO, YOU CANNOT GUARANTEE THAT THOSE IMPACT FEES DOLLARS

WILL BE THERE. >)GOT YOU. >>YOU WANT TO OVER COMMIT TO SAY, WE COULD BUILD THESE PROJECTS. ASSUME WE'RE GOING TO GET THESE FUNDS AND THEN IF WE DON'T GET THESE FUNDS, THEN

YOU KNOW, WE MIGHT NOT BE ABLE TO FINISH THE PROJECT. >>AND THE FEES.

>>GO AHEAD. >>IF YOU TEST ASIDE SOMETHING ELSE.

>>ANOTHER PIECE WHEN I LOOK AT THIS OVERALL. THE CONSTRUCTION PROGRAM.

>>THIS $40 MILLION IDENTIFIED IN THIS OVERALL 1.97 BILLION FOR LAND. AND SO, THE OTHER PIECE THAT WE USE THESE DOLLARS FOR IS TO IDENTIFY AND PROCURE LAND.

>>RIGHT. >>). >>THAT'S GREAT.

>>I APPRECIATE THAT. >>THE OTHER PIECES AND I KNOW YOU DO THIS ALL PROJECTED ON OUR AV AND WHERE WE'RE GOING. AND SO, THERE'S THE RESIDENTIAL AS WELL AS THE BUSINESS A B. IF I MEMBER CORRECTLY, WE IS A FAIRLY CONSERVATIVE ESTIMATE FOR WHAT AV IS. AND OFTEN IT HAS BEEN ABOVE WHAT OUR ESTIMATE IS. WHICH FOR ME, THE TAX RATE WOULD BE DECREASING.

SO, THERE IS A COMPONENT OF HOW DO WE MAKE SURE. BECAUSE IF YOU WAIT SIX YEARS, YOUR TAX RATES DECREASED BY THAT MUCH MORE. SIGNIFICANTLY PRETTY FOR YOU EVERY 3 TO 4, YOU HAVE THAT

OPPORTUNITY TO DO THAT BUMP TO WHERE YOU WERE TO BEGIN WITH. >>THOSE ARE SOME OF THE SORTS OF THINGS THAT I THINK WE NEED TO BE THINKING ABOUT. IN THE LONG RUN. BECAUSE MOMMY STARTED THESE STABLE TAX RATE, IT WAS SIGNIFICANTLY HIGHER THAN WHAT WE ARE NOW.

CUSTOMÁ CORRECT. YES. >>IT WAS ONLY $3.30. IF I REMEMBER CORRECTLY.

>>EXACTLY. >>30 DOLLARS AND $0.30 IN 2015. AND TO THAT POINT, AGAIN, I'LL MENTION THIS NOW. AND WE BRING THE RESOLUTIONS TO THE BOARD, WE JUST RECENTLY RECEIVED THE ESTIMATE FOR A B GROWTH IN 2022. AND SO, WE WANTED TO BE ABLE TO ESTIMATE OR PROVIDE WITH THE BEST ESTIMATE POSSIBLE FOR THE TAX RATE. SO, WE WILL ACTUALLY TEST TEST AND IS HIGHER THAN THE ORIGINAL ESTIMATE. SO, WE WILL BE ADJUSTING KIND OF THE RATES BASED ON THOSE NEW ESTIMATES. AND SO, THE RATES WILL BE LOWER THAN THIS. BASED ON THOSE NEW ESTIMATES. CUSTOMÁ THE TOTAL DOLLAR AMOUNT THAT WE ARE SEEKING DOES

NOT CHANGE? >>YES. JUST LIKE ANYTHING. THE TOTAL DOLLAR AMOUNT IS STAY

THE SAME WHEN AV, THE RATE DECREASES. >>SO, I JUST WANTED TO HYPE UP THAT JOHN, THE 2028 PUMP AND STRATEGY ONE IS NOT SOMETHING THAT IS HARDWIRED INTO OUR SYSTEM? THAT IS JUST SOMETHING THAT IS TRYING TO COLLECT BY 2030. THE HUGE DIFFERENCE BETWEEN STRATEGY ONE AND STRATEGY FOR IS THE FIFTH COMPREHENSIVE IS BILLED BY 2028. IN STRATEGY ONE AND IT'S NOT UNTIL 2032 THAT IT STILL UNDER STRATEGY 3A. THAT IS A HUGE DIFFERENCE IN TERMS OF HOW MUCH TRIAGE WE WANT TO DO IN TERMS OF MOVING KIDS AROUND AND SHUFFLING BETWEEN THE PORTABLES ETC. I AM BEHIND YOU WITH THE TEST ÃIT'S WORTH A SHOT AND THAT THE BOND DOES COME THROUGH IN THE 2028 LEVY, AND BY THAT POINT, SOME THINGS WILL CHANGE.

NOT EVERYTHING IS FORECASTED PERFECTLY, MY EXPECTATION IS THAT WHOEVER IS IN CHARGE OF THAT POINT CAN TAKE A LOOK AT THE 2028 SYSTEM TO BE RAISED THE TAX RATE ALL THAT MUCH OR WHAT ARE THE FACTS ON THE GROUND? IT MIGHT MEAN THAT THE OUT YOUR PROJECTS FROM 2030 IN SCENARIO ONE GET PUSHED FURTHER. IF THEY GO TO A LOWER RATE. I FEEL IT THE BENEFIT TO OUR SYSTEM AND RELIEVING IMMEDIATE PAIN THAT IS IS TIGHTEST AT THE HIGH SCHOOL.

AND TO BE TITUS TO THE HIGH SCHOOL FOR THE FORESEEABLE FUTURE. AND UNDER THE BEST CASE SCENARIO, WE ARE NOT ABLE TO ALLEVIATE IT UNTIL 2028. AMY, I AM BEHIND ONE THROUGH

PLAN ONE. >>CHRIS, COULD YOU GIVE ME THE STATES?

>>YES. SORRY. I WAS LOOKING AT THE CONSTRUCTION STRATEGIES PROJECT TIMELINE. ON THERE, I

[02:20:05]

TOTALLY >>I DON'T VIEW THAT AS WORKABLE.

>>WHAT I WOULD VIEW AS MORE PALATABLE HONESTLY IS HOW DOES STRATEGY ONE MOVE TO A LEVY

STRATEGY AFTER THE BOND INITIALLY GOES? >>THAT IS IDEALLY WHAT YOU CAN

[02:25:02]

>>MY VIEW IS THAT IT DOES AND THAT I MEAN,. >>YOU DON'T HAVE THIS ENDPOINT

AUDITING? >> [INDISCERNIBLE]

>>I DON'T KNOW. I THINK THAT'S JUST A FUNCTION AND PLANNING ON THE HORIZON THAT WE ASKED FOR

AND THAT'S WHY WHEN YOU LOOK AT THE CHARGE, JUST STOPS. >>I GET THAT. I JUST WANT TO BE CLEAR THAT THAT WOULD BE THE STRATEGY IN MY MIND HONESTLY. THAT WE ARE MOVING TO CAPITOL LEVY CONSTRUCTION. WE ARE GOING TO DO A BOND IN WHICH THAT WHICH WE KNOW NEEDS TO HAPPEN LIKE 1/5 CONFERENCE OF HIGH SCHOOL. BUT WE ARE JUST GOING TO BE SHIFTING TO THE

CAPITOL LEVY STRATEGY IS OUR APPROACH GOING FORWARD. >>YES.

>>THE LAST THING I WILL SAY IS THAT I REMAIN VERY SKEPTICAL THAT WE WILL BE ABLE TO PASS THE VOTE IN 2024. WHEN WE THINK ABOUT THE TIMING OF THESE THINGS AND MAKING SURE THAT WE HAVE AND PROVIDE OURSELVES THE ABILITY TO PIVOT OR SWITCH TO ANOTHER STRATEGY. AND THAT WE DON'T ÃÃAND I THINK FOR EXAMPLE, ONE AREA THAT WAS THROWN OUT AND A BOND IN

NOVEMBER OF 2024. >>I JUST WANT TO SAY. IT POSES PROBLEMS IN ORDER TO COLLECT

SHIFT TO A LEVY APPROACH. >>YES. >>DOCTOR, I THINK YOU HAVE MORE

TO COVER. >>WELL, YOU'VE KIND OF TEED IT UP.

>>WILL BRING TO YOU TONIGHT TERMS OF A RECOMMENDATION FOR TIMING, AND I DON'T REMEMBER IF WE HAVE THIS IN THE SLIDE DECK TO BE HONEST WITH YOU. IT SEEMS LIKE THERE IS A NUMBER OF DIFFERENT OPTIONS. FOR ME, FOR 2022, MY PREFERENCE WOULD BE TO RUN EP AND OUT AND CAPITOL PROJECTS IN FEBRUARY. AND THE CAPITOL CONSTRUCTION LEVY IN NOVEMBER. AND TO ME, THAT THOSE A COUPLE OF THINGS. ONE, IT PRIORITIZES OUR EP AND OH CAPITOL PROJECTS. AND THEN WE CAN BE VERY CLEAR ON WHAT WE ARE ASKING THE COMMUNITY FOR IN TERMS OF CONSTRUCTION. WE CAN PAINT THE PICTURE FOR THE LONG-TERM STRATEGY. HOW IMPACTS TAXES. SEPARATE FROM WHAT WE ARE PRIORITIZING IN OUR OPERATIONS. WHAT IT ALSO ALLOWS US IS TO SEE WHAT DOES THE TEXT IS WHAT DOES THE ENROLLMENT LOOK LIKE? COMING BACK FOR THE 22 AND 23 SCHOOL YEAR. KNOWING THE DECLINING LESTER, WE ARE SEEING AN INCREASE THE LAST TWO. IT WOULD GIVE US A CHANCE TO SEE WHAT THOSE THAT INCREASE LOOK LIKE FOR THE 22 AND 23 AND IS IT STARTING TO HIT THE BENCHMARKS THAT WE THINK IT'S GOING TO HAVE? BARBARA CHECKED, WE CAN RUN THE LEVY IN NOVEMBER. AND HAVE IT BE COLLECTED AND THAT NEXT CALENDAR YEAR. THERE IS JUST SOME ADDITIONAL PIECES THAT SHE AND CHRIS WOULD NEED TO WORK ON AND GET SQUARED AWAY AHEAD OF TIME. SO, FOR ME, THAT IS THE RIGHT WAY TO GO. IT'S TWO DISTINCT CAMPAIGNS. I UNDERSTAND THAT. BUT I ACTUALLY LIKE CAMPAIGNING FOR THE CONSTRUCTION LEVY SEPARATELY. BECAUSE WE CAN REALLY TELL THE STORY AS A SET UP FOR 2024. AND THE REASON I'M BRINGING THIS UP TONIGHT IS THAT AS WE ARE THINKING ABOUT BRINGING RESOLUTIONS TO THE BOARD FOR CONSIDERATION, THAT WOULD ALSO BE PART OF WHAT THE

BOARD IS CONSIDERING. >>I'LL BE HONEST, I'M A LITTLE CONCERNED ABOUT ASKING VOTERS

TWICE IN ONE CALENDAR YEAR FOR MONEY. >>YES.

>>NO MATTER HOW WELL WE EXPLAIN IT. COULD SEE BEAUTY IN IT.

>>YES. >>BUT, I WOULD BE CONCERNED ABOUT THAT APPROACH.

>>QUICK QUESTION, ARE YOU SAYING THAT TWO DIFFERENT DATES AS OPPOSED TO JUST THE SAME? ALL MASKING IS FEBRUARY 22. I'M NOT SAYING FEBRUARY OR WHATEVER.

>>YES. >>YES, IT WOULD BE FEBRUARY. WHAT I'M PROPOSING. EP AND

CAPITOL PROJECTS IN FEBRUARY CONSTRUCTION IN NOVEMBER. >>IT'S BASICALLY CONSIDERATION THREE MARK, IS WHAT JOHN IS LAYING OUT. SO YOU GET TO MEASURES IN FEBRUARY AND ONE

MEASURE IN NOVEMBER 2022. >>OKAY. BECAUSE THE BOND ISN'T THERE.

[02:30:02]

>>THE BOND THAN CASH ÃTHIS WAS LAID OUT AS IF YOU STARTED RIGHT AWAY WITH THE BOND. AND THEN ONE OPTION IS TO DO A BOND. AND IF WE DID THE AUDUBON STRATEGY, ONE IS TO THE BOND. 2022. OR NOVEMBER 2022. I THINK WHAT WE'RE HEARING IS THAT IT'S A LEVY STRATEGY FIRST. SO, IT WOULD BE A LEVY FIRST AND THEN COME BACK AND 24. WITH A BOND.

>>AND THAT PUTS YOU IN A 2024 WITH INPUT ÃÃAND AN ELECTION YEAR FOR PRESIDENT. FOR THAT

BOND? >>YES. >>ELECTION YEAR FOR PRESIDENTS

ARE JUST TO CHECK TO MAKE SURE. >>YES, IT WOULD BE BE BY 2024.

>>NOVEMBER? >>GOODBYE. >>DID IT?

>>I WAS SAYING THAT WE WOULD NOT NECESSARILY BE RUNNING A BOND CAMPAIGN ON THE NOVEMBER

BALLOT 2024? >>WHAT TO SAY THE SAME THING. WE HAVE TO DECIDE AND DECIDE WHAT MONTH A BOND. HE WOULD BE RUNNING EPA AND CAPITOL PROJECT IN 24. SO, YOU HAVE TO DECIDE

IF YOU RUN THAT IN FEBRUARY, APRIL, AUGUST, OR NOVEMBER. >>WELL,

[INDISCERNIBLE] >>REGARDLESS OF WHATEVER TIME WE RUN OUR BOND. THE PRESIDENTIAL ELECTION IS CAN I GO THROUGH THE ENTIRE YEAR AND IT'S GONNA MAKE THE LAST

PRESIDENTIAL ELECTION LIKE A WALK IN A PARK I THINK. >>THERE IS YOU KNOW, THEORY THAT YOU CAN HAVE A MORE SUCCESSFUL BOND IN A MEASURE IN A PRESIDENTIAL ELECTION.

PORTLAND PUBLIC SCHOOLS PAST A VERY LARGE BOND IN NOVEMBER OF 2020.

>>OKAY. >>WILL QUESTION. DOCTOR CARLSON, GO AHEAD.

>>SO, HERE DIRECTOR SAGES CONCERNED ABOUT GOING TO TWO DIFFERENT PALLETS AT THE SAME TIME, MY CASH ÃWHEN I'VE LOOKED AT THE BALLOTING ON LEVY LEVY BOND, WAS ALWAYS REMARKABLE TO ME IS THAT THE NUMBERS ARE NOT EXACTLY THE SAME WHEN THEY ARE ON THE SAME BALLOT. SO, THERE ARE SOME PEOPLE LIKE DUDE, ALREADY VOTED FOR YOU TWICE. I'M NOT GIVING YOU THE THIRD. SO, PUTTING ON A SEPARATE BALLOT, I'M ACTUALLY MORE COMFORTABLE WITH AND I WOULD BE IF I HADN'T ALREADY DONE SOME ANALYSIS ON THOSE NUMBERS. AND IT JUST BREAKS MY HEART THAT THERE ARE PEOPLE WHO WOULD VOTE FOR TWO OUT OF THREE IF THEY ARE ALTOGETHER.

. >>I GUESS THAT WAS ÃÃTHANK YOU DIRECTOR. THAT WOULD BE MY NEXT QUESTION. TYPICALLY THE ORDER ON A BALLOT FOR OUR MEASURE IS EP END OF FIRST ON THE ABOUT. CAPITOL PROJECT SECOND AND THEN ANY CONSTRUCTION THIRD. IS THAT

RIGHT? >>YES. >>YES. >>OKAY.

>>I AM SUPPORTIVE OF HAVING A CAPITOL CONSTRUCTION LEVY ON NOVEMBER. ON THE BALLOT.

>>. >>I APPRECIATE YOUR THOUGHTFULNESS AND PUTTING IT FORWARD. MY CONCERN IS ALONG THE LINES OF ÃÃAGAIN, IF IT DOESN'T PASS, IT MEANS THAT WE PUSH INTO THE NEXT YEAR. AND WE LOSE A YEAR IN WHICH WE COLLECT. SO, THERE IS NOT AN OPTION TO DO A SECOND TIME. SO, THAT WOULD BE MY ONE PIECE. I LIKE THE IDEA THAT WE ONLY FOCUS IN CONSTRUCTION. I'M JUST NOT SURE HERE WE WOULD HAVE THAT SINKING SUCCESS AND IT'S NOT SUCH A HUGE DIFFERENCE. PEOPLE HAVE DONE CONSTRUCTION LEVEES WERE PRETTY CLEAR ON WHAT THEY ARE. IT'S A PRETTY STRAIGHTFORWARD STORY. CRITICAL NEEDS AND I THINK YOU COULD PUT ON THE SAME AND WE WOULD GET IT THROUGH. LOOKS A BOND TO A DIRECTOR. IF WE DON'T REACH 50 PERCENT ON A CONSTRUCTION LEVY, WE HAVE PRETTY SIGNIFICANT PROBLEMS.

>>AGREED. [LAUGHTER] >>ONLY TRY HAVE THIS RIGHT. WE START COLLECTING, REGARDLESS OF WHETHER IT'S ON THAT FEBRUARY BALLOT OR THE NOVEMBER BALLOT.

WE START COLLECTING THE SAME TIME AT THE START OF 2023? >>CORRECT. ANYTHING ON THE BALLOT IN 2022, START COLLECTION IN 23. SO, AS JOHN MENTIONED, THERE'S A LITTLE MORE WORK THAT YOU NEED TO DO WHEN YOU DO IT NOVEMBER, BECAUSE IT'S AFTER KING COUNTY

NEEDING TO CERTIFY THOSE COLLECTIONS FAIRLY QUICKLY. >>ANOTHER WAY ÃDESPERATE.

>>ANOTHER WAY TO LOOK AT THIS IS RUN ALL THREE IN FEBRUARY? AND SHOULD THE CONSTRUCTION NOT

[02:35:07]

MESSAGING. >>JOHN, JUST A REMINDER FOR THE NOVEMBER BALLOT, YOU HAVE TO MEASURE IN BY AUGUST. SO, WHILE WE WOULD HAVE KIND OF AN IDEA FOR OF THE MOMENT, WE WOULD NOT HAVE A FINAL MOMENT. BY THE TIME OF RESOLUTION HAPPENED. YOU WOULD HAVE INFORMATION OBVIOUSLY FOR THE INFORMATIONAL CAMPAIGN, BUT NOT BY THE TIME THE RESOLUTION IS

NEEDED. >>YOU GO FIRST. >>SERIOUSLY GOOD POINT. WE NEVER MISSED ON A LEVY. PUTTING THE THREE TOGETHER WOULD BE A VALID APPROACH.

IT'S JUST THE BOND ATTEMPT IN 2024, WHERE I THINK SPLITTING THEM IS GOING TO BE CRITICAL.

AND THAT ACTUALLY MAKES AN ARGUMENT FOR MAYBE IT'S WORTH TEACHING AND SPLITTING IT THIS TIME. E KNOW WE ARE GOING TO PASS IT. BUT STILL GETTING PEOPLE USED TO THE NOTION OF VOTING FORCE IN NOVEMBER AS WELL AS Ã ÃI THINK THERE'S ACTUALLY AN ARGUMENT MADE FOR CONSIDERATION AS THE APPROACH. EVEN THOUGH I AM NOT THAT WORRIED ABOUT PASSING THE LEVY. IT'S THE BOND THAT IS GOING TO KEEP ME UP AT NIGHT.

>>I PIGGYBACK ON WHAT DIRECTOR CARLSON SAID. I THINK THERE'S VALUE ÃÃAND WE HAVE NOT HAD Ã ÃI DON'T RECALL IS. TO MY TEXT AS WE HAVE NOT RAN ANYTHING IN THE NOVEMBER ELECTION. EVEN IN 2022, THIS CAN BE STATEWIDE RACES. TURNOUTS CAN BE A LOT HIGHER.

WE HAVEN'T HAD THE EXPERIENCE OF DOING AN INFORMATIONAL CAMPAIGN WHEN WE WERE NOT THE ONLY GAME IN TOWN. AND I THINK THAT THERE IS VALUE IN DOING THAT ONCE BEFORE WE DO OUR BIG BOND PUSH ALSO. AND I THINK JUST LAST NIGHT, I THINK JOHN TOUCHED ON THIS. AND BARBARA DID ALSO. OUR ENROLLMENT ÃÃ WE DID IN NOVEMBER, OUR ENROLLMENT, WE WILL HAVE ENROLLMENT FIGURES FOR THE ACADEMIC YEAR AND THAT POINT. IN THIS ENROLLMENT FIGURES WILL KNOCK ON ALL SORTS OF WOOD. PRESUMABLY BE HIGHER PER SIGNIFICANT HIGHER THAN WE ARE AT TODAY. WE WILL BE RECOVERING FROM COVID. AND IT HELPS US TELL THE STORY A LITTLE BIT BETTER FOR WHY THAT IS SO IMPORTANT. AND AGAIN, THAT STORY IS IMPORTANT FOR NOT JUST PASSING. NOT JUST FOR PASSING THIS LEVY, BUT BEING ABLE TO LET'S HER CONSISTENTLY

AS WE MOVE TO THE IDEA OF TRYING TO BOND IN 2024. >>DIRECTOR STUART AND GLEASON

ARE? >>JOHN, IS YOUR STAFF READY TO START DOING AN INFORMATIONAL CAMPAIGN TOMORROW? FOR 2022? THIS BUSILY WOULD IT AMOUNTS TO. BECAUSE WE ARE ALREADY THE PAST YEAR FOR 21. HIS INFORMATIONAL CAMPAIGN TO BE QUITE FRANK, STARTED THREE MONTHS AGO. HIS IT'S GOING TO BE A HURRY UP AND HURRY UP. SECOND TO BE A SPRINT. IT'S

GOING TO BE A FULL OUT FALL FREEFALL TO GET TO IT. >>YES. MAYBE NOT TOMORROW, BUT

MAYBE WE HAVE BEEN PREPARING YES. >> [INDISCERNIBLE] AND BART, JUST A REMINDER, IT IS STANDARD TO NOT START THE INFORMATIONAL CAMPAIGN ON TILT THE BOARD ACTUALLY ADOPTS THE RESOLUTIONS. AND SO, THIS IS THE SAME TIMEFRAME WE DID IN 2018. THE RESOLUTIONS WERE ADOPTED IN OCTOBER AND THEN WE BEGAN INFORMATIONAL CAMPAIGN. BECAUSE IT IS HARD TO BEGIN AN INFORMATIONAL CAMPAIGN ABOUT SOMETHING THAT WE HAVEN'T ÃÃ THAT HASN'T ACTUALLY BEEN APPROVED YET. WE HAVE YOU KNOW, SHARED WITH THE COMMUNITY IN OUR CONNECTIONS NEWSLETTER. AND THAT WE ARE YOU KNOW, THAT THIS IS THE YEAR THAT WE RENEW OUR LEVEES. AND THAT WE ARE HAVING CONVERSATIONS WITH THE BOARD. SO, WE'VE BEEN COMMUNICATING WITH THE COMMUNITY ABOUT THIS IS THE

YEAR FOR RENEWAL. >>I UNDERSTAND THAT. Y POINT IS THAT ÃÃAND I WOULDN'T SS AND NOT SO FOOLISH AS TO THINK THAT WE WOULD START INFORMATIONAL CAMPAIGN BEFORE WE HAD THE RESOLUTION. BUT, IT'S ALSO THE IDEA THAT THE INFORMATIONAL CAMPAIGN ÃTHIS YOU CAN START BUILDING IN A MONTH. THE ADVOCACY CAMPAIGN IS GOING TO BE AT THEIR ÃÃ BECAUSE YOU HAVE TO RAISE FUNDS FOR IT AS WELL AS THAN ACCOMPLISH THE EFFICACY. SO, JUST THINK ABOUT THAT IN THE SAME BREATH. WE CANNOT JUST BE THINKING ABOUT THE INFORMATIONAL CAMPAIGN. WE ALSO HAVE TO THINK ABOUT THE ADVOCACY CAMPAIGN. NOT THE

[02:40:02]

STAFF, BUT US AS BOARD MEMBERS. >>DIRECTOR AND THEN DIRECTOR

SAGE. >>SO, AS YOU LOOK AT IT, I'M JUST TRYING TO THINK, WHAT ARE THE PROS AND CONS OF THE NOVEMBER IN THE PIECE. IF I'M READING THIS COLLECTIVELY, THERE WOULD BE A CHOICE HIGH SCHOOL CONCEPT ON THE F BE CORRECTED IN THE LAKE WASHINGTON LEARNING COMMUNITY OR AN EASTLAKE I BELIEVE. BOTH. SO, I KNOW THAT A BIG CHALLENGE THAT WE HAVE ALWAYS HAD IS WHEN THOSE ARE NOT DEFINED, THERE IS ALWAYS THE QUESTION. SO, I COULD SEE BENEFIT IN BEING IN NOVEMBER IF WE TAKE THIS TIME TO HELP DEFINE WHAT THOSE ACTUALLY ARE. WERE THOSE WOULD BE. WHAT POTENTIAL THOUGHTS ARE THERE AND WHAT THAT PROCESS IS. I GUESS THAT WAS MY PIECE. PUTTING THESE ON IN THE NOBODY REALLY KNOWS WHAT THEY ARE. ATHENA VIA ICH AND AGAIN WE SAW THE CHOICE OF THE SCHOOL. I THINK THERE'S WORK TO BE DONE TO ASK OUR COMMUNITY WHAT IS IT THAT YOU WANT TO SEE IN A CHOICE SCHOOL THAT YOU WOULD WANT TO GO TO, POTENTIALLY STUDENTS WE DON'T SEE AT OUR

CURRENT CHOICE SCHOOLS. >>SO THAT WE ARE A LITTLE MORE STRATEGIC IN NOT BEING OUR IDEA, BUT A PODCAST. THOSE I WAS ACTUALLY TALKING ABOUT THIS. AND ENSURING THAT YOU ARE WORKING WITH THEM. WHAT DO WE DO? IF YOU HAVE A BETTER PICTURE, BY THAT NOVEMBER TIMEFRAME, SIMILAR TO YOUR ENROLLMENT, BUT IF WE CAN ACTUALLY PICTURE WITH THAT CHOICE SCHOOL EVENTUALLY IS, I THINK THAT WOULD BE A MUCH EASIER CONVERSATION TO HOLD WITH PEOPLE. THIS HAS BEEN A LOT. AND PEOPLE THAT ONLY GO Ã ÃTHEY SAY THE SAME THINGS OVER AND OVER. DOING THE SAME THING AGAIN MEANS THE SAME STUDENTS. AND SO, WE HAVE GOT TO THINK

DIFFERENTLY WITH THOSE. >>I AGREE. AGREE WITH THE BENEFIT OF HAVING NOVEMBER GIVES US MORE TIME. OR THE OPPORTUNITY LEADS TO BETTER DEFINE WHAT IT IS THAT WE WOULD BE ASKING THE COMMUNITY TO FIND. THE CHOICE HIGH SCHOOL. AND I THINK DIRECTOR, I THINK TEST IS OUR MEMBER I WILL MAKE SURE THAT HE HAD IT RIGHT. AS I BELIEVE SHE DOES. IT WOULD FUND A NEW CHOICE HIGH SCHOOL IN BOTH LAKE WASHINGTON LEARNING COMMUNITY AND EASTLAKE REDMOND AND COMMUNITY AND YOU HAVE THE IDEA. >YES.

>>OKAY. >>YES. >>OKAY.

>>SO, I BELIEVE WE ARE CLEAR ON RESOLUTION LANGUAGE FOR EPO AND CAPITOL PROJECTS. WE ARE GENERALLY CLEAR ON RESOLUTION LANGUAGE FOR CONSTRUCTION. WHICH WOULD BE A LEVY AND SOME DIFFERENT OPINIONS AROUND TIMING FOR THE CONSTRUCTION LEVY. AND SO, ONE PIECE IS BARBARA AND I WILL BRING A RESOLUTION ON THE CONSTRUCTION LEVY. FOR THE BOARD. AND IT CAN BE CHANGED OR MODIFIED. BARBARA AND I WILL CONNECT ON TIMING AND SOME OF THAT SESSION WHEN I THINK THROUGH. SOME MORE. BECAUSE A BOND ÃÃA CAMPAIGN IS ONE THING. WELL, ANYTHING THAT YOU DO NOVEMBER DOESN'T GIVE YOU FLEXIBILITY TO RERUN AT ANY LEVEL. AND WHILE I BELIEVE CAPITOL CONSTRUCTION LEVY WILL PASS. I ALSO WANT TO MAKE SURE THAT WE ARE MITIGATING RISK AS WE THINK THROUGH THIS AS WELL. BECAUSE IF WE DID NOT PASS IN NOVEMBER, THE IMPLICATIONS ARE REALLY REALLY BIG. AND SO æ THAT IS SOMETHING THAT I'M ALSO æ THINK ON THAT COMPONENT, I WILL CONNECT WITH BARBARA. WE WILL COME UP WITH THE RECOMMENDATION. TO BRING TO THE BOARD, AND THEN THE BOARD CAN MODIFY THAT DEPENDING ON

WHAT YOUR THINKING. >>ARE ÃÃI KNOW YOU'RE GONNA SAY MORE ON THIS. VISIT ÃÃ THAT WE WOULD ÃÃONE RESOLUTION THAT HAS ALL THREE OF THESE ELEMENTS AND IT WOULD BE THREE SEPARATE MECHANICALLY WOULD HELP ME TO THINK THROUGH THIS.

>>THE MECHANICS IS THAT THERE ARE THREE SEPARATE RESOLUTIONS. SO THE EP AND OUT AND BECAUSE

[02:45:03]

ALSO CHANGE. BETWEEN THE TWO OCTOBER MEETINGS. >>THANKS.

>>OUR PLAN AND THAT'S WHY I WAS JUMPING. LET ME JUST JUMP AHEAD TO THE TIMELINE. SO, THE PLAN IS THAT THE OCTOBER BOARD MEETING, SO WE HAVE AN OCTOBER 4, WOULD BE THE FIRST READING SO TO SPEAK OF THE RESOLUTIONS. AND THEN THE FINAL ACTION ON THOSE RESOLUTIONS WOULD BE THE OCTOBER 18. AND THEN WE WOULD BEGIN KIND OF THOSE RESOLUTIONS ONCE THEY ARE ACTED UPON, THEY WOULD BEGIN THE INFORMATIONAL PAIN. N NOVEMBER, WITH THIS SUBMIT THE LEVY EXPENDITURE PLAN TO OS PI. YOU HAVE TO DO THINGS WITH THE VOTERS PAMPHLET. THAT IS NOW A NEW ÃÃREQUIRED. WE USED TO BE ABLE TO OPT INTO THE VOTERS PAMPHLET OR OPT OUT I GUESS. WOULD BE ANOTHER WAY TO SAY IT. BUT NOW, THE VOTERS PAMPHLET IS REQUIRED. SO, WE WILL BE DOING WORK ON THE AND UP CITING WHAT WEBSITE AND PRESENTATION. SIMMER 10TH IS THE FINAL DATE TO FILE RESOLUTION. SO, TECHNICALLY, WE COULD MAKE A DECISION AGAIN, NOT SUGGESTIVENESS, BUT YOU COULD MAKE A DECISION AS LATE AS NOVEMBER OR BEGINNING OF DECEMBER ON 1/3 MEASURE. [LAUGHTER] AND ON ALL THREE MEASURES FOR THAT MATTER. S LONG AS THEIR FILE BY DECEMBER 10. AND THEN WE TYPICALLY DO ALL THE PRESENTATIONS. THE INFORMATIONAL MAILER IS MAILED.

THE PTA AND COMMUNITY GROUPS MEET IN JANUARY. WE HAVE OPEN HOUSES TYPICALLY AND THEN ELECTION DAY THIS YEAR IS FEBRUARY 8. THAT IS REALLY THE LAST SLIDE.

[INDISCERNIBLE] >>YES, AND MINE WAS JUST ÃÃI JUST WANT TO JUMP BACK QUICK TO THE NOVEMBER AND FEBRUARY AND OUR CONVERSATION. I JUST WANT TO SAY THANK YOU FOR THINKING DIFFERENTLY OF WHAT THE OTHER POTENTIALS ARE AND WHAT THAT MEANS. I APPRECIATE THAT WILLINGNESS TO SORT OF TRY SOMETHING DIFFERENT AND SEE WHAT THE POTENTIAL MIGHT BE IN

HAVING THAT DISCUSSION. SO, JUST WANTED TO SAY THANK YOU. >>AND YOU ÃÃAT OCTOBER 4 MEETING. IS THAT WHEN THE RESOLUTIONS WILL BE BROUGHT TO THE BOARD?

>>YES. SO, YOU WILL HAVE DRAFT RESOLUTIONS. WHERE THE MONDAY BOARD MEETING. WE WILL GET THEM IN THE BOARD PACKET. WORK ON BOARD DOCS AS SOON AS OUR LEGAL COUNSEL IS ABLE TO PRODUCE THEM. YOU KNOW, SO MAYBE EITHER LATE ON FRIDAY OR EARLY MONDAY. OR AT THE LAST

EARLY MONDAY. BOX OKAY. >>IT WILL BE VERY SIMILAR TO THE 2018 RESOLUTIONS.

OBVIOUSLY WITH UPDATED DOLLAR AMOUNTS AND THE LANGUAGE SHOULD BE THE SIMILAR.

>>IS NOT JUST THE FIRST READING OF IT. WE WILL COME BACK AT THE LATER OCTOBER MEETING,

CORRECT? >>THAT IS THE TENTATIVE PLAN. >>OKAY.

>>THAT THE PLAN TODAY. YES. >>BARBARA, I JUST WANT TO MAKE SURE THAT I AM REMEMBERING CORRECTLY. E WILL PRESENT DRAFT RESOLUTIONS. THE BOARD CAN ACTUALLY ASK FOR DIFFERENT RESOLUTIONS TO COME BACK AT THE END OF OCTOBER, IS THAT CORRECT?

>>ABSOLUTELY. SO ÃÃOCTOBER 4 WILL BE A DRAFT. >>OKAY.

>>IF THERE'S ANY FEEDBACK OR CHANGES, THEN WE CAN BRING THOSE CHANGES ON OCTOBER 7.

WERE 17TH. HER FINAL ACTION. IF, YOU KNOW, SOMETHING ELSE YOU KNOW, IF WE NEED MORE TIME, THEN WE CAN DO IT AT A NOVEMBER BOARD MEETING AS WELL. AGAIN, THE FINAL DEADLINE TO FILE IS

DECEMBER 10. FOR FEBRUARY ELECTION. >>OKAY.

>>THANK YOU. >>AND IF I MISSED THAT DATE, THEN THEY ALL WOULD HAVE TO GO OVER. ON NOVEMBER. NO. GO IN APRIL. SO, I'M NOT GOING TO MISS THAT DATE. I JUST YOU

[02:50:01]

KNOW, æ >>BEFORE YOU DO THAT. >>NO, I'M NOT GOING ANYWHERE.

>>PUPIL FOLLOW-UP QUESTION OR A COMMENT? >>SORT OF A FINAL THOUGHT ON NOVEMBER AND FEBRUARY. AND THAT IS DISENTANGLING THE CONVERSATION ABOUT HERE IS WHAT IT COSTS TO KEEP DOING WHAT WE DO. AND HERE'S WHAT IT COST TO ACTUALLY START FIXING SOME OF THE PROBLEMS. I THINK IS AN INCREDIBLY USEFUL WAY TO SPLIT THE CONVERSATION. SO, IF YOU'RE GOING TO BRING SOMETHING TO US, I WOULD DEFINITELY LIKE TO SEE THE EPN ON CAPITOL LEVIES. SPLIT IN THE CONSTRUCTION LEVY IS TWO DIFFERENT ITEMS. SO THE CAPITOL ÃÃSORRY, THE CONSTRUCTION, WE CAN TALK ABOUT IT AS A LONGER-TERM DECISION

NEXT NOVEMBER. >>I ÃÃI AM LEANING INTO THAT, BUT I STILL THINK THAT I WOULD LIVE TO SLEEP ON IT FOR A COUPLE OF DAYS. SO, THANK YOU.

>>OKAY, ANY OTHER ÃÃJOHN, BARBARA, ANYTHING ELSE TONIGHT?

>>NO, THINK THAT IS ALL WE HAVE FOR YOU THIS EVENING. >>GREAT. AND THE OTHER BOARD COMMENTS OR QUESTIONS? ANY MORE FOLLOW-UP ON THIS? OKAY. SINCE THERE ARE NO OTHER AGENDA ITEMS, THE SEPTEMBER 28, 2021 STUDY SESSION IS NOW ADJOURNED. THE BOARD MEETS AGAIN ON MONDAY, OCTOBER 4. THE STUDY SESSION IS STARTING AT 5 PM.

* This transcript was compiled from uncorrected Closed Captioning.