Mukwonago Area School District

The Investment

The new referendum resolution listens to feedback from the community after the April resolution was not supported. In particular, the new resolution reduces the cost of the project, reduces the tax impact on district residents, and prioritizes paying off the high school debt before long term borrowing for the new referendum.

The cost of the plan was reduced to $89.1 million by:

Keeping/renovating the 1993 section of the existing middle school building
Reducing the scope of the track project
Removing the 4-year-old kindergarten renovation projects
Removing the Big Bend Elementary School drive and parking lot project

The tax impact of the plan was reduced to $24 for every $100,000 of property value by:

Borrowing $13.2 million less
Factoring in the downward trend in interest rates for public bonds/loans
Prepaying referendum debt for Mukwonago High School, putting us on pace to have it paid off seven years ahead of schedule

Referendum Property tax calculator

Enter your Estimated Fair Market Property Value (FMV) below. FMV is also know as equalized property value, which equally distributes state, county, and local taxes between taxpayers.

Multi-phased borrowing approach amortized over a total of 21 years at planning interest rates of 4.75% - 5.00%.
Mill rate based on 2023 Equalized Valuation (TID-OUT) of $5,236,165,760 with annual growth of 2.00% thereafter.
*Impact represents the hypothetical change in mill rate for referendum debt service over the 2023-24 mill rate for debt service of $1.21.

All tax impact estimates provided by financial consultants from Baird.