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Prescott School District, 1220 St. Croix St., Prescott, WI 54021, 715.262.5389

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Vote Date: April 1, 2014

2014 REFERENDUM
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Question 1
"
Shall the School District of Prescott, Pierce County, Wisconsin be authorized to issue pursuant to Chapter 67 of the Wisconsin Statutes, general obligation bonds in an amount not to exceed $27,980,000 for the public purpose of constructing and equipping a new energy efficient high school on land owned by the District and completing related site improvements?"

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Question 2
"Shall the School District of Prescott, Pierce County, Wisconsin be authorized to issue pursuant to Chapter 67 of the Wisconsin Statutes, general obligation bonds in an amount not to exceed $4,260,000 for the public purpose of constructing and equipping an auditorium onto the new high school?"

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Question 3
"Shall the School District of Prescott, Pierce County, Wisconsin be authorized to exceed the revenue limit specified in Section 121.91, Wisconsin Statutes, by $110,000 a year for the 2016-2017 school year through the 2019-2020 school year, for non-recurring purposes consisting of new high school operating expenses?"

What Will A New High School Cost?

The Tax Impact means the estimated mill rate increase over the 2013-14 mill rate. It is estimated that there will be no further increaase in the mill rate for the District's future debt payments after 2014-15.

 Question

Question 1

Question 2

Question 3

 Description

New High School

Auditorium Addition

Revenue Cap (4 Years)

 Borrowing Amount

$27,980,000

$4,260,000

$110,000

 Max Mill Rate Impact

$1.71

$0.35

$0.16

 (per $1,000 valuation)

(2014-15)

(2014-15)

(2016-17)

 Estimated Tax Impact on Property with Fair Market Value:

 $100,000 Home

 Annual Impact

$171.00

$35.00

$16.00

 Monthly Impact

$14.25

$2.92

$1.33

$200,000 Home

 Annual Impact

$342.00

$70.00

$32.00

 Monthly Impact

$28.50

$5.83

$2.67

$300,000 Home

 Annual Impact

$523.00

$105.00

$48.00

 Monthly Impact

$42.75

$8.75

$4.00

 Assumptions:
 * 20-Year Borrowings Phased In, 4.00-4.75% Interest Rate
 * State Aid Applied: 13.83%
 *Mill rate based on 2013 Equalized Valuation (TID-OUT) of $644,152,767 with 0.00%
   annual growth for 1 year and 2.00% thereafter.

The mill rates of $1.71 and $0.35 would be added to the current debt mill rate for the first 11 years of the bond until the exisiting debt is paid off in 2025. The final nine years of the bond would remain at the same level as the combined debt, resulting in an even debt mill rate for the 20-year bond repayment period.

2014 Referendum Fact Sheet (.pdf)

Overview & Floor Plans (.pdf)

F.A.Q.'s

* More valuable information can be found on the Superintendant's Scoop Page with articles titled "Referendum Buzz" & the District Newsletters*

FloorPlan

Referendum Overview:

Are We Going to Grow?

Community Forum Presentation

PSD Faciltities & Space Video

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SCHOOL BOARD
ReferendumResults
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