School District proposes $43.4 million rebuild of Webster City High School with decrease in property taxes
About 35 people attended a meeting Tuesday evening to hear how $43.4 million would be spent to both remodel and rebuild Webster City High School in the three-year period 2027-2030, at no increase in property taxes. In fact, the school district projects it can be completed, significantly upgrading the existing high school, while taxes are reduced. Matthew Gillaspie, of Piper-Sandler, an investment banking firm hired by the District to oversee financial aspects of the high school facilities project, explained 60 school districts in Iowa, including WCCSD, have prepaid general obligation (GO) bonds interest, likening