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Local districts $100M in debt

Borrowing helps schools build, cover costs

11:25 PM, Mar. 16, 2013
From left, Stettin Elementary School fifth-graders Kaitlyn Stich, Taylor Mussfeldt and Megan Loveland look up Thursday as music teacher Gerry Traxler instructs them on how to play their recorders in the school's library.
From left, Stettin Elementary School fifth-graders Kaitlyn Stich, Taylor Mussfeldt and Megan Loveland look up Thursday as music teacher Gerry Traxler instructs them on how to play their recorders in the school's library.
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The three largest school districts in central Wisconsin are a combined $103 million in debt after borrowing money to pay for new schools, upgrade old ones and, in one district, help manage cash flow difficulties.

A Daily Herald Media review of records in the Wausau, D.C. Everest Area and Mosinee districts shows their collective debt is equivalent to about half of their cumulative annual budgets for the 2012-13 school year.

That $103 million figure might sound staggering. But in the world of school district finance, the three are relatively frugal when it comes to borrowing. The D.C. Everest ...

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