Voters approved the question, with 65% of voters supporting the referendum!
SASD's 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.
Preliminary Design:
Preliminary Design:
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.