Monday, August 25, 2008

West Bend Referendum Questions Formed - $108K on the BILL

It's official.

According to Brian Brewer from R.W. Baird, voting "yes" for both referendum questions will cost taxpayers in the ball park (pun intended....get it? Brewer - ball park?)of $108,800,000. I confirmed this with him after tonight's School Board meeting. He states the interest is based on an approximated 5% over 20 years. As interest rates fluctate, we could see an increase/decrease in the amount of interest at the tune of $8K per 1%.

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