Positive report on school referendum plans; Low interest rates a big factor
Barron Area School District’s financial outlook, including a $24.5 million upgrade of facilities, is looking favorable, according to district administrators.
With interest the total cost of the project will be $32,307,304. Through state aid the District and taxpayers will receive back a projected $15,422,420 on these payments, resulting in the total tax impact over the lifespan of the bonds to taxpayers to be $16,884,884.
The district is working with Miron Construction and ISG Architecture & Planning through the design phase of the project. Bidding and construction is expected to start in 2022. Gym construction is anticipated for completion in October of 2022, while various other infrastructure improvements will be staggered throughout 2022 and 2023.
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