Issuing bonds now at low interest rates can allow the District to complete these projects while saving millions of dollars to taxpayers.
Did you know, according to the City of Ridgefield's own survey, the number one reason people move to Ridgefield is our schools? Ridgefield is a special place and we all want to keep it that way. And just like kids need nourishment to keep growing, so do our schools. As we continue to add more and more students, our buildings and campuses simply do not have the space needed to serve our students.
The proposed bond is projected to cost $62.565 million. If voters approve the bond, collections would begin in 2023 and the total schools tax rate would be $3.44 per $1,000 in assessed home values. This represents an increase of $0.25 compared to the 2021 school tax rates.
This means that for the median home in Ridgefield valued at $562,000, the projected cost per year of this $0.25 increase would be $140.50 per household per year, or just $11.71 per month. For less than the cost of a month of Netflix, or one MOD Pizza per month, you can help ensure students have adequate classroom space to learn, play, and grow.
Why doesn't the State of Washington pay for new schools?
School district capital projects in Washington state are funded first and primarily by local taxes. The State’s School Construction Assistance Program (SCAP) provides funding assistance to school districts that are undertaking major new construction or modernization projects. Those projects must meet eligibility requirements. If eligible, the State provides partial funding based on formulas, allowances, and costs related to certain aspects of a construction project. In Ridgefield’s case, this is the $12.3 million in projected state assistance the District will be eligible for assuming the voters authorize the bond.
Did you know Ridgefield has the 2nd-lowest school tax rates in all of Clark County?
School Tax Rates /$1,000 Assessed Valuation
$$ Battle Ground - $2.88
$$$ Ridgefield - $3.19
$$$ Hockinson - $3.28
$$$$ Vancouver - $3.72
$$$$ Evergreen - $3.90
$$$$ Woodland - $3.93
$$$$$ La Center - $4.15
$$$$$ Washougal - $4.29
$$$$$ Camas - $4.74
Even if the bond passes, Ridgefield would still have the 3rd-lowest school tax rates in the county (projected to be $3.44 per $1,000 in assessed value when collections would begin in 2023.