District news
Board to start borrowing for the referendum with a $15 million short-term note in December
What happened
Administrators propose a $15 million bond anticipation note in December 2026, then long-term general obligation notes in spring 2027. The board is also asked to let Bray Architects start construction drawings, bidding and construction management for the work.
Why it matters to families
This sets the timeline for when building work and borrowing begin, and how the new debt affects property taxes. Final amounts and rates are not yet set.
The evidence
The Nov. 10 agenda lists a 'Referendum Finance Strategy Overview' with a target mill-rate impact of $0.11 per $1,000, and an action item to authorize Bray's Phase 3 services. A December 8 vote on the note is recommended.
The source
Nov. 10, 2026 board agendaSee the full record for School District of Elmbrook.
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