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Board reviews referendum scenarios: $9M baseline, step‑up option, and debate over adding $4M security project
Summary
At a Dec. 2 workshop the district finance team and R.W. Baird presented three nonrecurring referendum scenarios and their modelled tax impacts, and board members debated including a $4 million security project in the ask.
The Board of Education convened a workshop on Dec. 2 to follow up on referendum planning. District finance staff and R.W. Baird financial adviser Todd Hajewski presented three modeled, nonrecurring referendum scenarios and discussed projected tax impacts and assumptions.
What was presented: Mike Gerlach (district administration) and Todd Hajewski (R.W. Baird) summarized three scenarios built from a forecast model: (1) a baseline nonrecurring request of $9,000,000 per year for four years (total $36,000,000); (2) a step‑up nonrecurring plan beginning at $9,000,000 and increasing by $1,000,000 each year (total $42,000,000) to provide greater fiscal stability; and (3) a variant that adds a $4,000,000 security…
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