(Olympia, WA) -- Individual school districts across Washington would have their taxing authority extended another year, under an agreement reached by a Senate committee. Without the extension, Washington's 295 school districts could lose between 350-million and 500-million dollars in the 2017-18 school year. Starting next January, under current law, the ability of school districts to raise property taxes locally will be reduced. The bill will go to the House for consideration.