Practically Speaking

Kyle and her husband moved to Brookfield in 1986. She became active in local politics and started blogging in 2004. Her focus is primarily on local issues but often includes state and national topics, too. Kyle looks at things from the taxpayers' perspective in a creative, yet down to earth way, addressing them from a practical point of view.

Economy affects Elmbrook's referendum bonding

Elmbrook 2008 Referendum

Elmbrook again delays bond issue, Jan 8 2009

 The Elmbrook School District is again postponing $31 million worth of borrowing for construction projects, citing an unfavorable bond market.

The district had delayed in October borrowing the second half of its $62.2 million high school renovation project, authorized by voters in a referendum last year. The district had planned to proceed on Tuesday to invite bids for a 20-year loan, Elmbrook Assistant Superintendent Robert Borch said.

But that doesn't appear like it will happen.

"We're concerned that we will have insufficient bidders and that those bidders ... will be at rates that will be unacceptable to what we have budgeted," Borch said.

The district can afford to wait a little longer, given that it has only spent about a tenth of $31 million borrowed earlier after referendum authorization, he said. The next time the district could try to take its bonds to market is Feb. 10, he said.

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