Hartland Arrowhead Referendum Project Is Estimated to Cost $405 Million
The estimated full cost of the Hartland Arrowhead school referendum project could rise to more than $405 million, an amount that includes interest, according to an assessment estimate provided to the district by R.W. Baird and obtained by Wisconsin Right Now.
The School District has repeatedly told the public that the project will cost $261 Million. On the Tuesday ballot, voters will be asked whether to approve the referendum.
When asked about the discrepancy, Superintendent Conrad D. Farner told Wisconsin Right Now that it's common for school districts not to include interest in the cost estimates they give voters, which helps account for the difference. However, he said that the higher estimate was included in the levy impact.
We would note that the federal Truth in Lending Act for home and auto loans "requires lenders to provide standardized information about the costs and terms of loans, including the annual percentage rate (APR), the loan term, and the cost of...