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Board approves using fund balance to cover large city/Froedtert tax chargeback, with contingency plan
Summary
Facing a multi‑million‑dollar property‑tax chargeback from a city settlement with Froedtert, the board approved paying the district's share from fund balance and authorized staff to prepare a promissory‑note backup if cash‑flow pressures require it.
The Wauwatosa School District will pay its portion of a multi‑million‑dollar property‑tax chargeback related to a city settlement with Froedtert/Froedtert–Medical College, the board decided Jan. 26. The district's business official explained the Department of Revenue certified the chargeback amount, which is due Feb. 15, and that revenue‑cap…
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