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Pewaukee School Board adopts $28.41 million levy, approves revised 2025‑26 budget and $2 million line of credit
Summary
The board approved a $28,406,228 all‑funds tax levy and adopted a revised 2025‑26 budget (operating budget reduced roughly $180,000 from the preliminary plan). The board also authorized a taxable tax and revenue anticipation promissory note (a line of credit) not to exceed $2,000,000 to manage cash‑flow between tax instalments.
The Pewaukee School District Board on Monday approved the district's 2025‑26 all‑funds tax levy of $28,406,228 and adopted a revised operating budget after a presentation on state funding changes and local impacts.
John, the district's business official, said three data points drive the budget process: the third‑Friday pupil count, the certified property valuations, and the October 15 equalization aid certification. He told the board the 2025 state budget produced a mixed set of impacts: a projected increase in special education reimbursement (from about 29% toward 42% of prior‑year costs), a roughly $1,000 increase in open‑enrollment reimbursement, but no…
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