According to an update from the Waterloo School District, the school board recently voted for an Operating Expense Referendum Question on the November 8, 2022 election ballot. Voters will be asked:
Shall the Waterloo School District, Jefferson, Dodge and Dane Counties, Wisconsin be authorized to exceed the revenue limit specified in Section 121.91, Wisconsin Statutes, by $700,000 per year for the 2022-2023 school year through the 2026-2027 school year, for non-recurring purposes consisting of sustaining educational programming and operating expenses?
The district administrator, Brian Henning, stated that the district is currently projecting a $528,796 budget deficit for the 2022-23 school year, and that his number could grow even higher. The District has experienced reduced local tax revenue collected in the amount of $1,147,634 over the past five years, and a net revenue loss after an adjustment in state aid of $257,293 and inflationary cost increases at 19.18% over the same 5 year period.
The district will be hosting informational meetings regarding the referendum on October 3 and 24 at 7 p.m. in the High School Cafeteria. For more information on the referendum, visit https://www.waterloo.k12.wi.us/referendum.