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Facilities committee reviews contingency tracker, rebate funds and possibility of using project savings to lower tax levy
Summary
District staff reviewed the middle school contingency log, explained an owner contingency set aside for the Inflation Reduction Act rebate, reported interest earnings on project funds, and suggested the board could consider using some project savings to reduce the upcoming property tax levy.
Waunakee Community School District staff updated the Facilities Committee on the capital contingency tracker for the new middle school, explained a large owner contingency entry tied to the Inflation Reduction Act tax rebate, and said significant interest income and unspent referendum funds could give the board flexibility to consider lowering the district’s property tax levy.
Staff described two contingency columns — a construction manager contingency and an owner contingency — and said the owner contingency would be nearly spent if multiple pending items (site fence, equipment,…
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