April 4th Operations & Facilities Referendum

March 21st Virtual Presentation with Superintendent Nick Ouellette and Matt Wolfert from Bray Architects

Learn More About the April 4th Referendum in this Western Wisconsin Journal Segment with Board President Jamie Johnson and Superintendent Nick Ouellette

Click here to view the April 4th Referendum Information Newsletter

 

Board of Education Approves Referendum Questions for April 4th

The Board of Education took action and approved two questions for the April 4th spring election (click here to view the ballot language).

  • Question #1: Resolution to exceed the revenue cap commencing with the 2023-2024 school year in an amount of $8,000,000 each year on a recurring basis for the purpose of paying District operation, maintenance, and staffing costs.
  • Question #2: Resolution authorizing issuance of general obligation bonds in an amount not to exceed $29,000,000 for the facility and grounds improvements to the EP Rock and North Hudson Elementary Schools and the Hudson Middle School and equipment acquisition related to said projects.

ASSUMPTIONS

  • Operating Question Only: Assumes recurring $8,000,000 beginning 2023-24.
  • Debt Question Only: Borrowing amortized over 20 years assuming long-term planning interest rates of 4.75%. Principal targeted to be repaid after 2016 referendum debt. Mill rate based on the 2022 Equalized Valuation (TID-OUT) of $6,175,339,605 with annual growth of 3.00% for five years and 1.00% thereafter.
  • Not reflecting state equalization aid based on assumption that operating budget will move district into hold harmless aid.
  • * Impact represents the estimated maximum increase in mill rate over the 2022-23 mill rate of $8.84.
  • Note: Estimated tax impact figures based on the information we know today about the State Funding formulas. Significant changes to the funding formulas may significantly change the estimated tax impacts.

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