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QZAB Info

Volunteer Contributions for QZAB (Qualified Zone Academy Bond)

 

Dear School District of Florence County Parents/Guardians, Residents and Business Partners:

 

Each year the federal government allocates several million dollars, interest free, to states for utilization by public schools, typically for facility renovation. The School District of Florence County Board of Education is pursuing an opportunity to finance a portion of the taxpayer approved capital referendum via this interest free loan (QZAB). Any amount we will qualify for will save thousands in interest paid for debt issuance. Our goal is to apply for $1 million in interest free debt, or more. At $1 million dollars interest free, taxpayers would see interest savings of nearly $400,000 over the course of the 20 year amortization schedule.

 

Here is where we ask for your help and consideration: The application requires that there must be a 10% match to the amount the District applies for. This match can be financial (money or item of value), or what is likely to be more realistic as an “in-kind” match; “in-kind” is simply a donation of any good or service other than cash. The best example is volunteerism in any capacity to the school district. If you are involved in the Athletic Booster Club, PTO, Solo Ensemble, volunteer in classroom support, or in any other way, we can count those hours towards the 10% match requirement.

 

We have so many great parents and community partners supporting our vision of Positively Affecting the Lives of Children, and for this we’re very grateful. If you know you have offered your service, or will commit to do so, the only requirement from you would be to document your offering of service. We can count any foreseeable contributions from November 15, 2016 forward for five (5) years. We would greatly appreciate your consideration and submission to count hours towards the 10% match. (If you have an item of value to donate, please reach out to me individually and I will work with you in documenting its value)

 

Please feel free to reach out to me at my email, niehausb@myflorence.org or call the district at (715) 528-1183 with any further questions. If you would like to know more of the program, you can visit www.qzab.org

 

The form to fill out for our records can be found here.

 

If you prefer you can print and return your signed commitment to any school office or directly mail to:

 

Ben Niehaus
PO Box 440
Florence, WI 54121

 

The deadline for submissions to the district is Wednesday, July 12.

 

Thank you for your consideration. If you have already turned in your hours of service on our previous form that does suffice also. THANK YOU! - Ben Niehaus, District Administrator

 

© 2017