Budget, Tax Rates and Bond History
Overview
Central Valley School District's Board of Directors approves the district's annual budget in August of each year, for the upcoming school year. The School Board also certifies annual levy amounts for general fund and debt service funds to be collected from taxpayers on the district's behalf by the Spokane County Treasurer's Office. More information about the district's budget and tax rates are included on this page. Questions? Call 228-5460.
Funding
The Central Valley School District’s 2007/2008 general fund budget is $106.5 million. The district receives funding from state, federal and local sources. More than 70 percent of the district’s funding comes from the State of Washington. The remaining revenues flow from local taxpayers via the Maintenance and Operations (M & O) levy ($16 million), the federal government ($6.6 million) and other sources ($5.5 million). The district also maintains separate funds for capital projects, transportation vehicles, debt service and Associated Student Body (ASB) activities.
District Budget
A bound copy of the 2007/2008 budget is available by contacting Business Services at (509) 228-5460. View the presentation "Demystifying the District Budget" (pdf) to better understand the budget process.
Current Year Budget
Past Year Budgets
Tax Rate History
More than $1.8 million will be rolled back from the voter-approved levy tax roll amounts for Central Valley taxpayers in 2008. The decrease is due to growth in the district and the Spokane County assessor's estimate of property values. The tax rates below represent the rate per $1,000 of assessed property valuation.
|
Year
|
Maintenance & Operations Levy
|
Construction Bonds
|
Transportation Levy
|
Total Tax Rate
|
|
2008*
|
$2.61
|
$1.49
|
n/a
|
$4.10
|
|
2007
|
$2.91
|
$1.64
|
n/a
|
$4.55
|
|
2006
|
$3.44
|
$1.88
|
n/a
|
$5.32
|
|
2005
|
$3.59
|
$2.04
|
n/a
|
$5.63
|
|
2004
|
$3.60
|
$2.13
|
n/a
|
$5.73
|
|
2003
|
$3.54
|
$2.07
|
n/a
|
$5.61
|
|
2002
|
$3.53
|
$2.04
|
n/a
|
$5.57
|
|
2001
|
$3.63
|
$2.05
|
n/a
|
$5.68
|
|
2000
|
$3.81
|
$2.03
|
$0.16
|
$5.99
|
|
1999
|
$3.81
|
$2.12
|
$0.16
|
$6.09
|
*estimated rates
Central Valley School District Construction Bond History (1998 - Present)
|
Election Date
|
$ Amount
|
Package Details
|
Outcome
|
|
November 2006
|
$75.7 million
(additional 80˘ per $1,000)
|
- New Elementary School (Holl and Mission)
- New Middle School (Liberty Lake)
- Modernize Greenacres, Opportunity and Ponderosa elementary schools
- Technology improvements at Broadway, Chester, Greenacres, Opportunity, Ponderosa, Progress, Sunrise and University Elementary schools and Barker High School and Learning Center
- HVAC improvements – Broadway, Progress, University elementary schools and Barker High School and Learning Center
- Student safety improvements – Opportunity, Ponderosa, Greenacres and University elementary schools
|
FAILED
53.5% Approve
46.5% Reject
|
|
March 2006
|
$55.2 million
(additional 60˘ per $1,000)
|
- New Elementary School (Mission and Holl)
- New Middle School (Liberty Lake)
- Modernize Greenacres, Opportunity and Ponderosa elementary schools
- Install cooling system – Broadway, Progress, Summit (when located on Broadway), University Elementary
- Update technology – Broadway, Chester, Progress, Summit, Sunrise, University Elementary
- Student safety improvements – University Elementary (parking lot)
|
FAILED
57% Approve
43% Reject
|
|
March 2003
|
$25 million
(additional 40˘ per $1,000)
|
- Build a second school at Liberty Lake
- Modernize Opportunity Elementary and Evergreen Middle schools
- Add two classrooms to Horizon Middle School
- HVAC improvements – Progress, Blake, Broadway and University Elementary schools
|
FAILED
55.4% Approve
44.6% Reject
|
|
September 1998
|
$78.1 million
(additional 57˘ per $1,000)
|
- Rebuild Central Valley High School
- Rebuild University High School
|
PASSED
65.8% Approve
34.2% Reject
|
|
|
