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District keeps double‑A‑minus rating; administrators present long‑term plan to smooth referendum levy
Summary
Administrators told the Waunakee budget committee Standard & Poor's affirmed the district’s double‑A‑minus rating and presented a debt‑service plan that uses referendum proceeds and interest earnings to limit long‑term levy growth to about 2.1% for capital debt service.
The Waunakee Community School District’s budget team told the March 5 budget committee that Standard & Poor's affirmed a double‑A‑minus rating on the district’s debt and reviewed a borrowing plan that seeks to smooth the long‑term debt service levy for the district’s November 2022 $175 million referendum projects.
Administrators said the district’s long‑term borrowing plan and use of referendum proceeds/interest earnings would keep annual debt‑service levy growth for Fund 39 (referendum capital) at an…
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