Colby Schools Service Liability Referendum (2008)
The Colby Schools Service Liability Referendum was a school bond issue on the September 9 ballot in the School District of Colby, which is in Clark and Marathon counties. The purpose of the referendum was to issue debt in the amount of $1,400,000, with the funds going to the school budget. The additional funds will be used for financing the district's unfunded prior service liability contributions under the WI retirement system.
Text of measure
Be it resolved by the School Board of the School District of Colby, Clark and Marathon Counties, Wisconsin, that there shall be issued pursuant to Chapter 67 of the Wisconsin Statutes, general obligation bonds in an amount not to exceed $1,400,000 for the public purpose of paying the cost of financing the District's unfunded prior service liability contributions under the Wisconsin Retirement System
Passed: 738 "yes" 228 "no".