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PW-S District to hold $49 million referendum PDF Print E-mail
Written by BILL SCHANEN IV   
Tuesday, 23 December 2014 20:11

Revised plan for like-new Port High School, Dunwiddie Elementary School addition to be on April ballot

    The Port Washington-Saukville School District will hold an April referendum asking voters to approve $49.4 million in borrowing to renovate and rebuild the high school and build an addition onto Dunwiddie Elementary School, the school board agreed Monday.

    Financed over 26 years, the projects are projected to increase school property taxes by amounts that would vary from $105 per $100,000 of property value next year to a high of $189 per $100,000 of property value annually from 2018 through 2022, according to Baird, the district’s financial advisor.

    The average annual tax rate increase would be $160 per $100,000 of property value. That means that the owner of a $200,000 home would pay an average of $320 more in school taxes every year through 2041.

    Those estimates do not include $2.9 million for a new regulation gym at Lincoln Elementary School, which the board is considering adding to the borrowing package through a separate referendum in five to seven years.

Last Updated on Tuesday, 23 December 2014 20:14
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