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Winnebago Community School District Bond Information

On Nov. 8, 2016 a $25.6 million bond issue that would have generated enough money to build a $17 million elementary school and cover other improvements was not approved by the community. After the election, the Board of Education held a committee meeting to review what options they have to move forward with the facility plan. In attendance was the architect and a financial representative from STIFEL.  

The Board was presented with and discussed four options.

  • Present the community an opportunity to approve a bond referendum on April 4, 2017 the same plan that was presented on November 8, 2016 which would issue $25.6 million in bonds to build a new elementary school and complete other improvements for district facilities.
  • Present the community an opportunity to approve a bond referendum on April 4, 2017 that would generate approximately $14 million in bonds to fix, repair, and update facilities that would result in a ZERO tax rate increase because two existing bonds will be paid off.
  • Present the community an opportunity to approve a bond referendum on April 4, 2017 that would generate approximately $12 million in bonds to fix, repair, and update facilities that would result in a slight tax rate DECREASE because two existing bonds will be paid off.
  • Do nothing and fix the schools when a system fails and utilize the approximate $4-5 million in non-referendum funding that is available.
After much deliberation and discussion, the consensus of the Board was to consider board approval for a $12 million referendum that will result in a slight tax rate DECREASE and complete as much as we can with the funds that are generated from the bond sale. Here is a brief overview as to what the funding will accomplish but you can click on the following links to see the impact on each building/facility 
  • Abate asbestos
  • HVAC improvements
  • Window replacement
  • Roof replacement
  • Handicap accessibility 
  • Improved Parking
  • Move transportation and district office to new facility
  • Add adult bathrooms at elementary schools
  • Improved security (entries/cameras/etc)
Without approval, very little of the needed repairs or updates will be accomplished and will further drive up the future costs of the needed repairs.  Below are the Cost Estimate for each school and the final total costs.