Waupun Referendum Interest May Be Lower Than Projected

4/25/17 – The Waupun School District may see a lower interest rate than first projected for borrowing related to the $36-million-dollar referendum approved by voters in November. The school board received an update last night from their financial advisor. Superintendent Tonya Gubin says the latest interest estimates are closer to 2.4-percent which is lower than the four-percent rate voters were told prior to the election. The borrowing will be structured in such a way that taxpayers will not notice a difference when new referendum dollars are added to next year’s tax bill, which is also the final year that the district will levy for the previous referendum to build the high school. The school board last night also approved the bid package for the $4.5-million-dollar construction of an athletic complex at the Junior-Senior High School. The lowest qualified bid was accepted from each of multiple subcontractors for work ranging for everything from construction to excavation to landscaping. The bids for the facility housing a soccer field, tennis courts and track came in $14-thousand dollars below the $4.5-million estimate. That coupled with a contingency fund of $80-thousand dollars led the school board to agree by consensus to invest more in elevated bleachers if there is money left over.