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Permanent Multi-Year Levy Lid Lifts <br /> • Permanent multi-year lid lifts bumps up the levy amount more than 1%each year(subject to the limit <br /> factor stated in the ballot measure) for up to six years. <br /> • Limit factor does not need to be the same for each year, for example, it could try to mimic inflation <br /> • At the end of six years the lid lift does not revert, and the maximum levy is then used as the base to <br /> calculate all future 1% levy limitations. <br /> Multi-Year Levy Lid Lift - Permanent <br /> RCW 84.55.050(2) <br /> Upto6years <br /> cannotc;ceed <br /> maximum <br /> Icy rate <br /> Current maximum Initial lid lift New maximum total levy,increases Maximum total levy <br /> total levy.increases exceeds 1% more than 1%annually(up to limit factor increases up to 1% <br /> up to 1%annually annual limit specified in ballot measure) annually thereaf ter <br /> Multi-Year Levy Lid Lifts for Debt Service (Capital Investments) <br /> • Multi-year lid lifts may also be used for debt service for up to nine years, in which case they <br /> may fall somewhere in between "temporary" and "permanent." <br /> Permanent Single-Year Lid Lifts <br /> • A permanent single-year lid lift bumps up more than 1% in the first year, and then that <br /> amount is used to calculate all future 101% levy limitations. <br /> Si Alternative Service Delivery/Funding Models 30 I P a g e <br />