Dec. 12, 2018 – West Bend, WI – The West Bend School Board discussed moving forward with an April 2019 referendum involving Jackson Elementary School and updates to the West Bend High Schools. Although the board did not put a final figure on the bonding amount the discussion centered on $47 million.
During the meeting board member Ken Schmidt thought the amount the district should ask for in the referendum should be “the lowest possible.”
“I still contend we are over building,” said Schmidt. “There are things that are wants and things that are needs and that’s my concern. We may be over building and the enrollment projections are not there and as I indicated with the high school, I was in favor of safety and the tech ed improvements but some of the other I’m not sure.”
As far as referendum debt, the WBSD currently has between $38 million and $40 million in referendum debt.
Taking a look at the current referendums the West Bend School District is currently paying off….
In April 2009, voters in West Bend approved a $29.3 million plan to renovate, as well as build an addition to Badger Middle School.
In November 2012 the West Bend School District passed a $22.8 million referendum to close Barton Elementary School, expand Silverbrook School and add classrooms and a gym at Green Tree Elementary School. The actual total cost of the referendum with taxes and interest was $31.975 million with a 15-year payback on borrowing.
After the Nov. 2012 referendum passed the $31.9 million total was added on top of the $29.3 million payment for the 2009 Badger referendum.
The target date to completely pay off the debt on both referendums is 2028.