white
header1

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

item7
2015 AUDITORIUM REFERNEDUM
sbd3
SCHOOL BOARD
facebook

Vote Date: Tuesday, February 17, 2015

Ballot Question

The referendum question would authorize the district to issue general obligation bonds in an amount not to exceed $3,890,000 for the public purpose of paying the cost of constructing and equipping an auditorium onto the new high school.

F.A.Q.'s

Q: We just voted on an auditorium – why another election?

A: Some things have changed since the April referendum election.

The school board wanted to offer the community an opportunity to consider the auditorium while it was the best investment option as a part of the new school bid.

What Will an Auditorium Cost?

 Borrowing Amount

$3,890,000

 Max Mill Rate Impact

$0.31 per $100,000 valuation
(2015-2016)

Estamated Tax Increase
Based on Fair Market Value of property:

Property Value

Annual Impact

Monthly Impact

$100,000 Property

$31.00

$2.58

$200,000 Property

$62.00

$5.17

$300,000 Property

$93.00

$7.75

Assumptions:

  • 20-year Borrowing at 4.25% Estimated Interest Rate
  • State Aid Applied: 12.79%
  • Mill rate based on 2014 Equalized Valuation (TID-OUT) of $676,462,139 with 2.00% annual growth.
AuditoriumFloorPlan

PACTQ: How did the auditorium option come forward again?

A: Prescott Arts Commitment Team (PACT) organized to review auditorium options.
This grassroots community group proposed the idea to the school board based on the following:

Q: I just received my property tax bill – does the increase include the new high school bond cost?

A: Yes –the 2014 property tax bill does include the first payment of the 20 year bond.

The actual average tax impact was lower than originally projected

The school district portion of the tax bill should remain close to this level for future years.

 

Q: What is included in the auditorium referendum?

A: The modifications in design were minor and the auditorium will still include:

schoolQ: Will 500 seats be big enough?

A: Yes. The seating capacity is similar to other districts in the area.

 

 

Architectural Rendering of Auditorium Addition

 

Q: What happens if this referendum fails?

A: The district will continue to use athletic spaces as performing arts venues.

  • Construction costs will substantially increase
  • A capital campaign/fundraising effort will take many years to complete

Q: How does an auditorium benefit Prescott

A: An Auditorium provides benefits to the entire community

Auditorium Election Results
February 17, 2015

Township

Yes

No

Prescott

530

240

Clifton

126

79

Oak Grove

274

189

Trimbelle

6

11

Diamond Bluff

15

20

Total

951

539

CostComparison2