On Air Now

Current Show

America Now with Andy Dean   8:00 PM - 11:00 PM

Call America Now at 877-927-2639 between 5pm and 8pm

Show Info »

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 550 AM Wausau, WI 99.9 FM Stevens Point, WI

Weather

Current Conditions(Wausau,WI 54403)

More Weather »
38° Feels Like: 33°
Wind: SSE 7 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Mostly Clear 30°

Tomorrow

Few Showers/Wind 60°

Sun Night

Light Rain Late 49°

Alerts

Report looks at long-term school district debt

by
School funding graphic (properly sized)
School funding graphic (properly sized)

UNDATED (WSAU) A newspaper report shows that some of the largest school districts in Central Wisconsin have racked up more than $100-million in long-term debt.

The Wausau Daily Herald examined the finances of the Wausau, D.C. Everest, and Mosinee school districts. None of them are near their state-mandated borrowing limits, and none are expected to have cash flow problems because of the borrowing. Much of the money went to build and renovate buildings.

None of the local districts borrowed money to cover day-to-day operating expenses, and the debt levels were within 14- to 16-percent of the district's state borrowing authority. The money will be paid back through long-term bonds. Interest rates are historically low, causing some to argue that now is a favorable time for districts to invest in physical-plant improvements.

The districts in the state that have borrowed the most are New Richmond, at 72-percent of its borrowing limit, and Abbotsford at 58-percent.

Comments