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Redmond, Wash. – On April 30, 2020, Lake Washington School District (LWSD) sold a total of $118.85 million of tax-exempt refunding bonds, which will refinance $134 million of its existing debt, to take advantage of lower market interest rates. The refinancing will save the District’s taxpayers more than $18.6 million over the next nine years.

Redmond, Wash. – The State Board of Education (SBE), the Office of Superintendent of Public Instruction (OSPI), and the Educational Opportunity Gap Oversight and Accountability Committee (EOGOAC) have identified 391 schools statewide to receive recognition. Schools in Washington stand out for closing gaps, showing growth, and demonstrating achievement according to new data released by the state.

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    Lake Washington School District Budget Earns Meritorious Budget Award for Third-Straight Year


    Award reflects District’s goal of fiscal responsibility

    Redmond, Wash. – Lake Washington School District’s (LWSD’s) 2019-20 Budget has earned the Association of School Business Officials International (ASBO) Meritorious Budget Award (MBA). This award promotes and recognizes excellence in budget presentation in school districts. LWSD has received this award three years in a row. LWSD is the only district in the state of Washington to receive this award.

    “We want our budget documents to be understandable, accessible, and easy to read,” noted Dr. Jane Stavem, Superintendent. “Our staff works hard to make this happen, and we’re proud to receive this award for a third year as we continue to focus on effective ways to communicate with our community.” 

    “In alignment with our strategic plan goals for effective use of resources, this award reflects our district’s commitment to sound fiscal management and budgetary policies,” said Associate Superintendent of Business and Support Services, Barbara Posthumus. “This budget document helps us to be transparent to our community on how we use their tax dollars.”

    “Districts that apply to the MBA or Pathway to MBA programs recognize the importance of presenting a quality, easy-to-understand budget internally and to the community,” ASBO International Executive Director David J. Lewis explains. “Participating in the MBA and Pathway programs provides districts with important tools and resources they need to communicate the district’s goals and objectives clearly and illustrates their commitment to adhering to nationally recognized budget presentation standards.” 

    You can view the 2019-20 budget on the LWSD website.

    For more information about the Meritorious Budget Award or Pathway to the MBA, visit asbointl.org/MBA.

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    About Lake Washington: Lake Washington School District is a high-performing public school district serving Kirkland, Redmond, and Sammamish, Washington. It is the second-largest district in the state of Washington, with nearly 31,100 students in 56 schools.