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Board approves selling up to $37.2 million in notes for school building projects

Facilities
Excerpt from Special Board Meeting and Work Session [6:30 p.m.] - Resolution Establishing Parameters for the Sale of Not to Exceed $37,155,000 General Obligation Promissory Notes: 3A  Racine Unified SD - 2026 GOPNs - Parameters Resolution (5-4-26).pdf for Board approves selling up to $37.2 million in…
Official source excerpt: Special Board Meeting and Work Session [6:30 p.m.] - Resolution Establishing Parameters for the Sale of Not to Exceed $37,155,000 General Obligation Promissory Notes: 3A Racine Unified SD - 2026 GOPNs - Parameters Resolution (5-4-26).pdf; editorial caption by Our School Board · source-evidence

What happened

On May 4 the board voted 6-0 on a resolution setting limits for selling up to $37,155,000 in general obligation promissory notes. The notes pay for building projects the board authorized in January 2024, including Case High School (up to $37.5 million authorized), Wadewitz, Gifford and Goodland.

Why it matters to families

These notes are borrowing that the district repays with property taxes. They fund new additions and renovations at several schools, such as learning spaces, safety upgrades and athletic facilities.

The evidence

The May 4 minutes record the vote (Ayes 6, Noes 0, three members absent). The resolution lists each project's authorization and the earlier 2025 notes already issued for them.

The source

Resolution establishing parameters for sale of up to $37,155,000 promissory notes (May 4, 2026)

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