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Educational Service District 113 Survey Research & Election Results October 23th, 2013 JON GORES MANAGING DIRECTOR (206) 389-4043 [email protected] 1 1 Today’s presentation will focus on ELECTION RESULTS SURVEY RESEARCH Washington State Election Results School Districts Only 2011 Election Results 2 2012 Election Results M&O Levies: 45 passed and 2 failed M&O Levies: 166 passed and 6 failed Capital Projects Levies: 15 passed and 2 failed Capital Projects Levies: 34 passed and 3 failed Transportation Levies: N/A Transportation Levies: N/A Bond Authorizations: 5 passed and 28 failed Bond Authorizations: 12 passed and 6 failed 2013 Election Results (Through April 2013) M&O Levies: 43 passed and 1 failed Capital Projects Levies: 14 passed and 1 failed Transportation Levies: 1 passed and 0 failed Bond Authorizations: 12 passed and 14 failed Source: Washington Secretary of State: Election and Voting website and individual County Auditor websites. 3 Voting Patterns Bond Issues Passed by Year (Years 1993 through April 2013, inclusive) Schools Only 61% 53% 45% 46% 45% 44% 41% 38% 38% 37% 38% 45% 45% 47% 43% 40% 34% 28% 24% 23% 15% 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 73 99 62 78 78 55 59 40 39 43 53 34 34 60 50 35 31 19 33 18 28 Source: State of Washington, Office of Superintendent of Public Instruction. 4 4 Voting Patterns M&O Levies - Statewide Yearly Passage Rates As of April 2013 94.1% 80.9% 83.7% 86.9% 85.9% 97.4% 97.8% 98.0% 93.9% 96.5% 89.6% 87.2% 83.8% 97.6% 70.6% 2000 2001 2002 2003 2004 2005 2006 Source: State of Washington, Office of Superintendent of Public Instruction. 2007 2008 2009 2010 2011 2012 2013 Average 5 Voting Patterns Bond Issues Passed by Month (Years 1992 through April 2013, inclusive) Schools Only 51% 52% 38% February 333 March 149 April 79 Source: State of Washington, Office of Superintendent of Public Instruction. 37% May 279 33% August 3 27% 28% September 109 November 138 6 Voting Patterns All Bond Issues Passed by Purpose Years 1992 through April 2013, inclusive) Washington State 92% 68% 47% 45% 43% 38% 36% 26% 17% 13% Fire 210 General 159 Hospital 47 Jail 18 Source: State of Washington, Office of Superintendent of Public Instruction. Library 45 Park 109 Police 13 School 1,106 Street 23 W&S 13 7 2014 Special Election and Resolution Filing Dates The 2014 special election dates and ballot resolution filing deadlines pursuant to the Revised Code of Washington (“RCW”) are listed below for your information.(1) These are the dates permitted under current law, which are subject to change by the Legislature. 2014 ELECTION DATE RESOLUTION FILING DEADLINE (2) APPROXIMATE DATE BALLOTS ARE MAILED (3) February 11, 2014 December 27, 2013 January 24, 2014 April 22, 2014 March 7, 2014 April 4, 2014 August 5, 2014 (Primary) May 9, 2014 July 18, 2014 November 4, 2014 (General) August 5, 2014 October 17, 2014 (1) This data is for informational purposes only and does not take the place of local, state or federal laws. Specific RCW information can be found at: http://www.secstate.wa.gov/elections/election_laws.aspx. (2) Some dates may have been adjusted to reflect the business day prior to actual resolution filing date, according to RCW 29A.04.330, if falling on a weekend. (3) Applies to both mail and absentee ballots. Absentee ballots are required to be mailed no later than 18 days prior to the election date. RCW 29A.40.070 Source: Washington Secretary of State’s Office, Elections and Voting website. 8 Survey Results – Statewide Survey Renewal of M&O Levy • Would you say that you are now more likely, equally likely, or less likely to approve renewal of the local levy that supports daily operations of your local schools, as compared with two to four years ago? July 2013 September 2011 More Likely 31% Equally Likely Less Likely More Likely 37% 32% Equally Likely 47% Less Likely Don't Know/Not Applicable Source: 2011 Economic Research Center, Washington State University 2013 Elway Poll, D.A. Davidson & Co. 19% 27% 7% 9 Statewide Survey Results – July 2013 Renewal of M&O Levy July 2013 More Likely • Would you say that you are now more likely, equally likely, or less likely to approve renewal of the local levy that supports daily operations of your local schools, as compared with two to four years ago? Renew Levy Equally Likely 47% Less Likely Don't Know/Not Applicable Age Total 19% 27% 7% Area 18-35 36-50 51-64 65+ Seattle King P/K N. Sound West East More Likely 19% 20% 13% 20% 24% 19% 21% 19% 23% 10% 24% Equally Likely 47% 59% 56% 46% 35% 56% 54% 39% 48% 49% 38% Less Likely 27% 22% 23% 29% 30% 19% 17% 37% 25% 34% 31% Don’t Know/Not Applicable 7% 0% 9% 5% 10% 7% 9% 6% 5% 7% 7% Source: The Elway Poll, D.A. Davidson, July 2013 10 Survey Results – Statewide Survey Renewal of M&O Levy Here are two questions about whether you would vote for or against, or be undecided about a school levy in your district if you knew two additional facts. • The first one is, the number of students per class would increase if the levy is not approved. Would you vote: July 2013 September 2011 For 52% For Against 24% Against Undecided 24% Undecided Source: 2011 Economic Research Center, Washington State University 2013 Elway Poll, D.A. Davidson & Co. 49% 32% 20% 11 Statewide Survey Results – July 2013 Renewal of M&O Levy • The first one is, the number of students per class would increase if the levy is not approved. Would you vote for or against, or be undecided? Class Size Age Total Area 18-35 36-50 51-64 65+ Seattle King P/K N. Sound West East For 47% 61% 52% 48% 43% 54% 50% 43% 58% 47% 43% Against 32% 27% 32% 35% 29% 28% 31% 35% 32% 38% 26% Undecided 20% 12% 16% 18% 29% 19% 19% 22% 9% 15% 31% Source: The Elway Poll, D.A. Davidson, July 2013 12 Survey Results – Statewide Survey Renewal of M&O Levy • The second one is, the levy pays for one-fifth of the daily operating cost of the school. In this case would you vote for the levy, be undecided or vote against the levy? September 2011 For Against Undecided 50% July 2013 For Against 16% 34% Source: 2011 Economic Research Center, Washington State University 2013 Elway Poll, D.A. Davidson & Co. Undecided 53% 23% 24% 13 Survey Results – July 2013 Renewal of M&O Levy July 2013 • The second one is, the levy pays for one-fifth of the daily operating cost of the school. In this case would you vote for the levy, be undecided or vote against the levy? Operating For 53% Against 23% Undecided 34% Age Total Area 18-35 36-50 51-64 65+ Seattle King P/K N. Sound West East For 53% 59% 51% 59% 43% 57% 60% 41% 60% 50% 47% Against 23% 22% 26% 22% 25% 20% 19% 30% 23% 32% 18% Undecided 24% 20% 24% 19% 32% 22% 21% 30% 17% 18% 34% Source: The Elway Poll, D.A. Davidson, July 2013 14 Statewide Survey Results – July 2013 Last year, the state supreme court ruled that the legislature was not putting enough money into public education. In response, the legislature added just under $1 billion dollars to the state education budget. • Given this additional money, if your local school district were to put a maintenance and operations levy on the ballot in the next year, which of these statements best describes you: July 2013 I will be just as likely as ever to support the next levy in my district 42% I will think twice about supporting the next levy in my district 27% I will be more likely to oppose the next levy in my district 22% Depends Don't Know/Not Applicable Source: The Elway Poll, D.A. Davidson, July 2013 6% 3% 15 Statewide Survey Results – July 2013 Last year, the state supreme court ruled that the legislature was not putting enough money into public education. In response, the legislature added just under $1 billion dollars to the state education budget. • Given this additional money, if your local school district were to put a maintenance and operations levy on the ballot in the next year, which of these statements best describes you: Renew Levy Age Total Area 18-35 36-50 51-64 65+ Seattle King P/K N. Sound West East As Likely 42% 45% 45% 47% 30% 46% 47% 26% 43% 34% 49% Think Twice 27% 29% 32% 21% 30% 31% 23% 28% 28% 26% 28% Oppose 22% 14% 14% 27% 27% 11% 19% 37% 20% 32% 16% Depends 6% 8% 5% 5% 8% 7% 5% 7% 8% 6% 3% Don’t Know/Not Applicable 3% 4% 3% 1% 5% 4% 5% 2% 2% 1% 3% Source: The Elway Poll, D.A. Davidson, July 2013 16 Statewide Survey Results – July 2013 There is a proposal before the legislature to provide funding to every school district to have full-day every day kindergarten. If they have full-day every day kindergarten, many school districts will have to add classrooms to meet this requirement. If there were a measure on the ballot in your community to increase property taxes in order to add classrooms for a full-day every day kindergarten, which of the following would you.. 2012 Statewide Totals West % East % Definitely Support 17 14 Probably Support it 26 26 Probably Oppose 21 21 Definitely Oppose 32 36 Don't Know/NA 4 9 Source: The Elway Poll, D.A. Davidson, September 2012. Definitely/Probably Support: King Co. No. Sound West 43% 42% 48% 36% Eastern Age 18-35 Age 36-50 Age 51-64 Age 65+ 40% 63% 51% 37% 37% 17 Statewide Survey Results – July 2013 Electronic Books In your opinion should electronic books - such as Kindles, Nooks and iPads - be available for students in your district? Yes 63% No 25% Don't Know/NA 12% Yes: King Co. No. Sound West Eastern Dems Rep Perfect Voters Age 18-35 Age 36-50 Age 51-64 63% 59% 58% 66% 61% 71% 56% 60% 68% 61% 68% 18 Survey Results – National Survey 2012 Grades Students are often given the grades A, B, C, D and Fail to denote the quality of their work. Suppose the public schools themselves in your community were graded in the same way. What grade would you give the public schools here – A, B, C, D, or Fail? National Totals 2012 % 2007 % 2002 % 1997 % 1992 % A&B 48 45 47 46 40 A 12 9 10 10 9 B 36 36 37 36 31 C 31 34 34 32 33 D 13 14 10 11 12 Fail 4 5 3 6 5 Don’t know/refused 4 2 6 5 10 Source: August 2012 PDK/Gallup Poll: “What Americans said about the public schools” 19 19 Survey Results – National Survey 2012 Overall Grade 2012 Statewide Totals Overall, what grade would you give your local school district. We will use a letter grade, like they use in school where: [A] is Excellent [B] is Good [C] is Satisfactory [D] is Unsatisfactory [F] is Failing A/B Grades: West % East % A 15 18 B 32 39 C 26 17 D 13 8 F 6 5 Don’t know/refused 8 14 Source: The Elway Poll, D.A. Davidson, September 2012. All King Co. No. Sound 47% 48% 57% West Eastern Dems 47% 57% 58% Rep Perfect Voters 65+ 54% 54% 50% 20 Don't Know/NA/Refused Other 1% Upgrade/Build a new school 1% More parental involvement 1% Stop bullying 1% Get rid of standardized testing 1% Vocational/"real-life" training 1% More extracurricular activities 1% Art and Music 2% Longer school days/year 2% Computers/upgrade equipment 3% Pay teachers more 4% Discipline 5% Hire more teachers 6% Diversify Curriculum 7% Better/Less Administration 8% Funding 10% Get Back-to-Basics 12% Student-to-teacher ratio Higher standards for teachers Survey Results – Statewide Survey 2012 20 If other than [A]: What is the one thing your school district could do to improve its grade? 26% 6% 1% 21 21 Statewide Survey Results – July 2013 Taxes 2012 Statewide Totals If there were a proposal to increase taxes to make more computer technology available to students in your district, would you… West % East % Definitely Support that proposal 34 35 Probably Support it 15 26 Probably Oppose it 20 17 Definitely Oppose that proposal 29 13 Don't Know/NA 2 9 Source: The Elway Poll, D.A. Davidson, September 2012. Definitely/Probably Support: King Co. No. Sound West Eastern Dems 49% 56% 59% 49% 61% 71% Rep Perfect Voters Age 18-35 Age 36-50 Age 65+ 40% 59% 74% 56% 54% 19 22 Voter Outlook Index Items: Two-Year Trend In next year, will things get better or worse.. In the United States In Washington State 20 23 Voter Outlook Index Items: Two-Year Trend In next year, will things get better or worse.. In your Community For You and Your Family Bio – Jon Gores 24 Mr. Gores joined D.A. Davidson & Co. in 2006 as a Senior Vice President in the Fixed Income Capital Markets division. Previously, he was with Seattle Northwest Securities for 18 years as Vice President of Public Finance, where he served as Manager of the School Finance Group for Washington State schools. Since 1985, Jon’s focus of practice has been school district public finance. He has been instrumental in developing financing solutions for specific school district funding needs. His advocacy on behalf of school districts with the State legislature contributed to the repeal of the law that caused the tax rate spike that districts encountered with a mid-year bond sale, and led to the expanded use of limited general obligation (LGO) debt. His efforts resulted in H.B. 1832, which allows school districts to use LGO debt for remodeling of and additions to existing facilities. Most recently Mr. Gores was instrumental in the passage of legislation that allows a direct transfer of state forest revenue from the debt service fund to the capital projects fund. Jon is a member of WASA, WSSDA, WASBO, and is a featured speaker at numerous conferences. He serves as a trustee of the Washington State School Boards Educational Foundation. He has been a guest lecturer at the University of Washington, WSU, Seattle Pacific University and Seattle University. Mr. Gores served on the School Bond Guarantee Program advisory committee and was appointed to the Finance Committee for the Simple Majority. Jon is a recipient of the Advocate for Education Award by WSU. 25 Neither this material nor any of its contents may be disclosed, sold, or redistributed, electronically or otherwise, without prior written consent of Davidson Companies. The information presented herein is based on public information we believe to be reliable, prevailing market conditions, as well as our views at this point in time. We make no representation or warranty with respect to the accuracy or completeness of this material. Past performance is not necessarily indicative of future results. Davidson Companies does not assume any liability for any loss which may result from the reliance by any person upon such material. We make no representations regarding the legal, tax, regulatory, or accounting implications of entering into a Transaction. 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