How has the Board been fiscally responsible?

In an effort to smooth out the tax rates for residents over the next few years the directors have approved a short term inter-fund loan from the district’s capital projects fund to the debt service fund.

On November 6 directors approved a resolution to re-certify the tax assessment for outstanding bonds by an amount $10 million less than what is needed for principal and interest payments in 2018. This will reduce the amount collected of tax payers, thus reducing what could be a one-year spike in tax rates.

Then, in May 2019 the district will repay the capital projects fund $10 million plus interest from the proceeds of the first half tax collection in 2019.

By doing this during the first year of the state’s new education tax Puyallup residents will experience a gradual smoothing out of tax rates, rather than a one-year spike.

As stewards of the tax-payers’ dollars school board directors consistently consider the most efficient ways to operate the Puyallup School District. The approval of a short term inter-fund loan is yet another example of their interest in representing the best interests of Puyallup parents and community members.