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BE IT RESOLVED by the School Board of the Southwestern Wisconsin Community School District, Grant and Lafayette Counties, Wisconsin, that there shall be issued, pursuant to Chapter 67, Wisconsin Statutes, General Obligation Bonds in an amount not to exceed $2,500,000 for the purpose of paying the costs of athletic field and elementary school playground renovations and improvements and equipment acquisition related to said projects.
Q: How can this be tax neutral and the taxes not go up?
A: Many factors allow us to stay tax neutral; to name a few— increased pupil enrollment, increased state aid, and increased property values in the school district. One of the three items mentioned would allow the mill rate to drop a little, but when all three have increased to the levels they have and are projected to stay the same or continue to increase, this allows the district to pay for the project with no tax impact. The payment each year would be approximately $300,000, amortized over 10 years.