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Rice Lake board approves amendment to pay off Fund 39 debt from 2013 referendum
Summary
The Rice Lake Area School District board voted to amend the 2025-26 budget to increase Fund 39 expenditures and pay off debt tied to the 2013 referendum early; the motion passed by voice vote with no recorded objections.
The Rice Lake Area School District board unanimously approved a 2025-26 budget amendment on June 8 to increase expenditures in Fund 39 and accelerate payoff of debt tied to the district's 2013 referendum. A board member summarized the amendment as a debt payment to pay off Fund 39 early; the motion was made, seconded and approved by voice vote with no further discussion.
Board members did not request additional public detail at the meeting about the total remaining principal or the savings from early payoff. The amendment was described as an administrative measure to close out that debt obligation during the current fiscal year; the board approved it without a recorded roll-call tally beyond the voice vote.
