APPLETON, Wis. (AP) — More Wisconsin school districts have begun to take advantage of a change in state law allowing them to borrow money to help fund energy-efficient projects.
The Appleton Post-Crescent reports 55 districts raised more than $23 million without having to ask voters to approve a referendum. The amount raised has nearly tripled since the previous year.
The two-year-old law allows schools to borrow money for energy conservation projects over multiple years in a way that diffuses costs to taxpayers.
Appleton’s chief financial officer says much-needed projects would not be possible without the law.
It’s unclear how much schools throughout Wisconsin have increased borrowing to make their buildings more energy efficient.
Information from: Post-Crescent Media, http://www.postcrescent.com