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District warned of potential $3.5 million chargeback from Froedtert tax settlement
Summary
Finance staff briefed trustees on a city/Froedtert settlement that reduced Froedtert’s taxable value for 2021–24 by $10 million. The city will seek reimbursement from taxing entities; the district’s estimated share is about $3.5 million and financing options are under discussion.
The Wauwatosa School Board was notified Monday that a recent City of Wauwatosa settlement with Froedtert Medical Center reduces the hospital’s taxable valuation for several prior years and could require the district to reimburse approximately $3.5 million.
Finance staff described a joint city‑Froedtert press release and explained the settlement reduces Froedtert’s assessed taxable portion for 2021–24 by roughly $10…
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