The long-term debt (LTD) picture is not the easiest figure to discern from either a school district or the DPI. One can, however, come up with a pretty accurate picture by looking at the most recent report of Long Term Debt for all districts and then factoring in any new successful debt referenda plus any payments made against a district's LTD balance.
District Long-Term Debt Calculation (% of Legal Limit)
History of School District Referenda Results
If one goes through this exercise for Sun Prairie, one would find that:
♦ Sun Prairie, with $170M in LTD ranks 2nd only to Milwaukee ($390M), coming in 3rd with $149M is Kenosha.
♦ Sun Prairie is one of only 3 districts statewide with LTD exceeding $100M.
♦ With LTD at just under 48% of the legal maximum, Sun Prairie ranks 10th in terms of the %age of legal debt limit. Of course, we are the only district in the top 10 with debt in excess of $28M.
♦ Sun Prairie ranks 20th of all districts statewide in terms of the legal debt maximum $356M).
♦ Statewide, of over 400 school districts, the mean district LTD as a %age of the legal maximum is 14.5%.
♦ Statewide, of over 400 school districts, the median district LTD as a %age of the legal maximum is 12.0%.
Mom? Dad? Is it time to take Junior's credit card away?
*** SP-EYE: This marks the 100th post on this blog! Thanks to the many readers who come here to get the cold hard facts the school board and administration would prefer that you not know. ***
Posts
