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Waunakee budget panel outlines options to cut $2.3 million levy, shifts enrollment forecasting
Summary
The Waunakee Community School District budget committee reviewed options to reduce a $2.3 million referendum debt-service levy and adopted a shift from a five-year to a three-year enrollment projection model to better reflect recent smaller cohorts. The committee set a January follow-up to review financing schedules and open-enrollment impacts.
The Waunakee Community School District budget committee reviewed strategies to meet a board commitment to reduce the referendum debt-service tax levy by $2.3 million and approved next steps to analyze financing options.
Speaker 3 told the committee the board’s reductions can be achieved by one or more of three financial strategies: refinancing existing debt, using savings from the November 2022 referendum projects, or applying a federal clean-energy rebate. "Refinancing existing debt would add interest to our long-term debt service…
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