Owen-Withee School Board Approves Resolution Exceeding Revenue Limit for Act 32 Projects, Part 1
Monday, September 19th, 2016 -- 8:07 AM
-The Owen-Withee School Board approved a resolution to exceed the revenue limit for Act 32 Projects at their meeting last week.The board unanimously approved a resolution stating: “Be it resolved that the school district of Owen-Withee is exercising its taxing authority under s.121.91 (4) (o), Wis. Stats., on or before October 1st, to exceed the revenue limit on a non-recurring basis by an amount the district will spend on new energy efficiency measures and energy efficiency products for projects in the 2016-2017 school year. The project is financed with a state trust fund loan for a term of 10 years.” The amount to be expended is $226,650 starting with the 2016-17 school year and running through the 2025-26 school year.
After review of the recommendations report per s.66.0133 (2) (b), Stats., the district has determined that the $1,750,000 it would spend on energy efficiency projects recommended in the report is not likely to exceed the amount to be saved in annual utility costs of $21,712, non-utility costs of $16,596 and other one-time savings of $55,989 over the remaining 50 years of useful life of the facility to which the measures apply.
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