Hello Marshfield!
Thank you for taking the time to learn about our 2024 Facilities Referendum PROJECTS
Dear School District of Marshfield Residents:
Following the approval of the $71.5 million referendum, the district has moved into the design phase of the work, collaborating closely with Nexus Solutions to create detailed plans that meet the needs of our community. The below timeline outlines the key phases of the project timeline for improvements that will be completed at Grant Elementary School and Marshfield High School.
In both cases, the most intensive construction will occur during the summer months to minimize disruption to the school year, with moderate work taking place during the academic year. Due to the size and complexity of the improvements at Marshfield High School, its construction timeline spans nearly two and a half years. This extended period is necessary to accommodate significant upgrades, including the creation of modern learning spaces and the replacement of aging infrastructure, which will better serve our students and staff for years to come.
The district will finance the $71.5 million worth of facility improvements through a three-phase bond issuance plan. The bonds will be drawn in December 2024, April 2025, and April 2026. This phased approach not only allows the district to secure funding as needed but also helps reduce interest costs and help ensure that the district can stay within budget while delivering these much-needed improvements to our schools. The first bond issuance, which took place in December 2024, totaled $14 million at a favorable 3.81% interest rate. The final two bond issuances will not cause significant spikes in the bond levy, as all three phases have been carefully integrated into the district’s long-term finance plan. This strategy is designed to maintain consistent tax rates year over year, while ensuring financial stability with the funding of the necessary improvements.
We are excited about the progress that is being made and grateful for the community’s continued support. These improvements will benefit our students, staff, and community for generations to come, creating modern, safe, and inspiring learning environments. We will continue to keep you informed as the projects move forward. Thank you for being part of this transformative journey!
