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Referendum Cost Breakdown

The Board of Trustees has authorized a referendum package for the proposed projects not to exceed $48.8 million. These costs include new construction, renovations, site work, equipment, furnishings, professional services, permits, and fees. The projected tax impact on property owners is estimated to be $13/year* per $100,000 of property value.

Phase 1
Completion in 2021*

1. River Falls Property Acquisition

$2,500,000

2. Automated Fabrication Lab (MEC)

$3,000,000

Equipment
3. Mobile labs and other equipment

$1,900,000

Phase 2
Completion in 2022*

4. Transportation Center
    – Equipment Storage Facility

$28,000,000
$1,800,000

5. ESEC Addition
    – ESEC Remodel

$7,000,000
$2,500,000

Phase 3
Completion in 2023*

*Dates indicate earliest calendar year when construction could start.

6. Menomonie Entrance
    – Menomonie Commons, Office

$350,000
$200,000

7. River Falls Science Lab

$100,000

8. River Falls — Building #2

$1,000,000

9. Chippewa Falls Lab

$300,000

10. Raze BEC West Annex, Maintenance Shop

$150,000

 

Total Estimate not to exceed

$48,800,000

 

Referendum Amount:
not to exceed
$48.8 Million

 

Impact Per $100,000 of Property Value:

Estimated tax increase of $13/year*

How much will my taxes go up?

Choose Your Property Value

$100,000

 

TAX IMPACT: 

$1.08/month
$13/year

Assumes multiple borrowings amortized over 21 years using planning interest rates of 3.75% - 4%. Estimated impacts are based on 2018 Equalized Valuation (TID-OUT) of $24,723,807,042 with no annual growth thereafter.