Again from the Washington County Insider. Here’s what the Kewaskum school district wants to spend:
-The 36-cent increase on mil rate per $1,000 worth of property value includes the interest rate (possibly 3.25%) that will be paid back on the loan. The potential interest adds $11 million onto the cost of development bringing the total referendum to about $39 million.
To do this:
That’s a heckuva lot of money for schools with only just over 1,000 kids in it!