District news
Board approves borrowing up to $4.48 million for the building project
What happened
In December 2025 and January 2026 the board approved a resolution allowing the sale of up to $4,480,000 in general obligation promissory notes. Baird, the district's financial adviser, presented the finance plan for the referendum building project. Principal payments run from September 2026 to March 2046.
Why it matters to families
This is long-term debt that taxpayers will repay for about 20 years.
The evidence
The December 11, 2025 and January 8, 2026 minutes record unanimous votes on the "Resolution Establishing Parameters for the Sale of Not to Exceed $4,480,000 General Obligation Promissory Notes." In the December 11 recording (automatic captions), the Baird presenter says principal payments "go from September of 2026 out to March of 2046."
The source
January 8, 2026 regular meeting minutesSee the full record for School District of Washburn.
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