Mar 7, 2026StrategicPlan
BoardMenard Co. CUSD 202 (PORTA) Synopsis of the Financing Plan 2024-2037
This document outlines a debt restructuring plan for Menard Co. CUSD 202 (PORTA), encompassing a 13-year refunded bond issue and $3.7 million in new money. The plan aims to refinance existing debt and spread payments from 2024 through 2037, freeing up operating funds. Key objectives include lowering annual debt payments from approximately $2.8-$3.0 million to about $750,000 per year starting in 2027, thereby freeing up roughly $2.3 million annually for school operations. This strategy is designed to break the borrowing cycle, ensure debt repayment without increasing the current tax rate, and ultimately allow tax dollars to be directly used for educating students after the 13-year period.