FEBRUARY 2023

How much is being asked for?

This proposed referendum would step into the dollar amount over three years. Because we will be using some of our fund balance (similar to a savings account) to offset the deficit and because we will have a previously passed non-recurring referendum expire, the amount gradually increases from $6,000,000 for the 2023-2024 school year; by an additional $1,600,000 million for the 2024-2025 school year; and by an additional $2,500,000 plus $3,700,000 for the 2025-2026 school year and thereafter. In 2016, voters approved a non-recurring referendum and renewed (extended) it in 2020 for $3,700,000. The $3,700,000 rolls into the proposed referendum in Year 3.

CONTACT:

District Office: (608) 221-7660


Email: Send questions here

Referendum Webpage &  Events Calendar
District Website

UPCOMING EVENTS:

  • February 28 - CHANGED: Coffee & Questions (Grace Coffee Co. in CG)
  • March 2 - CHANGED Community Information Night (CGS)
  • March 7 - Community Information Night (WS)
  • March 15 - Coffee & Questions (Virtual)
  • March 21 - Coffee & Questions (Virtual)

Details for these events are available on our website.

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What is the tax impact?

Because the amount of this proposed referendum phases in over three years, the tax impact also phases in over three years. In year 1, the estimated tax impact over the current rate, per year per $1,000 of fair market value (FMV) is $2.05. In year two the estimated tax impact over the current rate, per year per $1,000 of FMV is an additional $0.52, and an additional $0.77 in year three (per year per $1,000 of FMV). These projections are based upon annual property growth estimate of 5.0% each year and may shift based upon annual fair market value (FMV) shifts.

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In the next newsletter...

In these weekly newsletters, we'll address frequently asked questions and provide information. In the next newsletter, we'll cover what the money would be used for.


Have a question or a topic you'd like to see covered in this newsletter? Email us at mgreferendum@mgschools.net.

5301 Monona Drive, Monona, WI 53716  Phone: (608) 221-7660  Fax: (608) 221-7688

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