The Sheboygan Area School District (SASD) is proud to announce that its Moody’s Rating has recently been upgraded to Aa1 from Aa2. As a result, SASD property taxpayers will save over $16 million on the financing of the referendum projects due to a lower-than-anticipated interest rate. Read the full article
On November 5, 2024, the Sheboygan Area School District asked the community to invest $121 million to rebuild and remodel Urban and Farnsworth Middle Schools at the current sites. Both schools are approaching 100 years old, and have similar, significant challenges.
Voters approved the question with the unofficial results showing that 65% of voters supported the referendum! This outcome underscores the community’s dedication to enhancing public education and supporting the needs of our students, teachers, and schools.
The district will begin planning the implementation phase immediately, with project timelines and milestones to be communicated in the coming months. The anticipated completion for Farnsworth Middle School is the fall of 2027 and Urban Middle School in the fall of 2028.
Sheboygan Area voters would need to approve a $121 million referendum to pay for this plan.
If approved, SASD does not anticipate another capital referendum in the next 8 -12 years.
If a majority of Sheboygan voters support the referendum, the property tax mill rate would increase by $0.20.
Mill Rate ComparisonsApproval would increase the mill rate by $0.20. Financing assumes a multi-phased borrowing plan repaid over 22 years at interest rates from 4.75% - 5.25%.
Find Your Tax ImpactIn July, the Board of Education approved the referendum question for the November 5, 2024, ballot to rebuild and remodel Urban and Farnsworth Middle Schools at their current sites.
As promised, we listened to the results of a community-wide survey and feedback from community meetings and moved the Urban Middle School project back to the current school campus instead of being constructed at Mill and Najacht Roads.