Madison Schools Ask for More Then $600M Against Declining Enrollment
The referendums would increase the property tax bill of a resident with a home assessed at $350,000 an additional $241.50 in the first year, $733.99 in the second year, $895.10 in the third year and $1,053.24 in the fourth year.
The Madison school district wants voters to approve a pair of referendums worth more than $600 million on the Nov. 5 ballot despite the school district’s dropping enrollment.
The ask comes as the Madison Metropolitan School District had a $39 million deficit in this year’s budget after the pandemic funds and previous referendum it was using to pay teachers have run out. Last school year, the federal COVID-19 funds were used to pay 111 educators while reserves were used to pay an 8% increase in wages for teachers and school staff, according to Wisconsin Policy Forum .
The referendum asks for a cumulative $100 million in operational funding over four years. The second referendum asks for $507 million over 23 years to build new schools. The district has 2...