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Wisconsin Schools Means And Medians


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Wisconsin Schools Means And Medians


Wisconsin school districts have demonstrated stable credit quality in recent years and S&P Global Ratings expects credit quality for this portfolio to remain stable in the near term. This stability is supported by a recently steady state revenue climate, expected economic growth, and districts with traditionally very strong financial flexibility.

S&P Global Ratings maintains ratings on approximately 205 Wisconsin school districts. Overall, ratings were stable, with only 3% experiencing movement since January of 2020. Wisconsin school districts have had one positive rating action and four negative rating actions on their general obligation debt. Additionally, 99.5%, the ratings have a stable outlook, while none have positive and only 0.5% a negative outlook.

Wisconsin Schools Data

Table 1

Wisconsin Schools: Medians
AA+ AA AA- A+ A A- BBB+ or Lower
Household EBI (%) 143 120 100 91 89 71 100
Market value per capita ($) 152,734 111,309 93,708 78,033 90,177 159,518 92,449
Available general fund (%) 43.5 25.4 25.4 22.4 18.6 7.2 14.9
Debt per capita ($) 3,102 2,950 2,621 2,214 2,302 2,924 3,131
Debt as % market value 3.0 2.7 3.4 2.7 3.0 1.7 2.6
Pension ARC + OPEB as % expense 3.2 2.9 2.9 2.7 2.5 2.4 2.6
EBI--Effective buying income. ARC--Annual required contribution. OPEB--Other postemployment benefits.

Chart 1


Table 2

Wisconsin School District Unlimited Tax General Obligation: Ratings List
As of Jan. 28, 2021
This list was prepared by individuals on behalf of the USPF Group of S&P Global Ratings and is current as of Jan. 28, 2021. For the most up to date, accurate, and complete information on any credit ratings referenced in this list, please visit
Organization GO Rating Outlook Appropriation Rating Outlook
Algoma Sch Dist A+ Stable
Alma Center-Humbird-Merrillan Jackson & Clark Cnties Sch Di A+ Stable
Alma School District A Stable
Altoona Sch Dist AA- Stable
Antigo Unified School District A+ Stable
Arcadia Sch Dist A Stable
Argyle Sch Dist A+ Stable
Auburndale Sch Dist AA- Stable
Baldwin-Woodville Area Sch Dist AA- Stable
Baraboo Sch Dist A+ Stable
Barron Area Sch Dist A+ Stable
Bayfield Sch Dist AA- Stable
Belleville Sch Dist AA- Stable
Belmont Comnty Sch Dist A Stable
Beloit School District A+ Stable
Beloit Turner Sch Dist AA- Stable
Berlin Area Sch Dist A+ Stable
Big Foot Un High Sch Dist A+ Stable
Blair-Taylor Sch Dist A+ Stable
Bloomer School District AA- Stable
Bonduel Sch Dist A+ Stable
Boyceville Comnty Sch Dist A+ Stable
Brillion Pub Sch Dist A+ Stable
Bristol Sch Dist No.1 AA Stable
Burlington Area Sch Dist A+ Stable
Cadott Comnty Sch Dist A+ Stable
Cameron School District A+ Stable
Cashton Sch Dist A+ Stable
Chequamegon Sch Dist A+ Stable
Chilton Sch Dist AA- Stable
Chippewa Falls Area Unif Sch Dist A+ Stable
Clear Lake School District A+ Stable
Clinton Comnty Sch Dist AA- Stable
Clintonville Pub Sch Dist A+ Stable
Colby Sch Dist A+ Stable
Coleman Sch Dist A+ Stable
Colfax School District A Stable
Cuba City Sch Dist A+ Stable
D.C. Everest Area Sch Dist AA Stable
De Pere Unif Sch Dist AA Stable
DeForest Area School District AA+ Stable
Denmark Sch Dist A+ Stable
DeSoto Area School District A+ Stable
Dodgeland Sch Dist AA- Stable
Dodgeville Sch Dist AA- Stable
Drummond Area Sch Dist AA- Stable
Durand School District A+ Stable
Eau Claire Area School District AA Stable
Edgar Sch Dist A Stable
Edgerton Sch Dist AA- Stable
Elcho Sch Dist A+ Stable
Eleva-Strum Sch Dist A+ Stable
Elk Mound Area Sch Dist AA- Stable
Evansville Comnty Sch Dist A+ Stable
Fall Creek Sch Dist A+ Stable
Fall River School District AA- Stable
Fennimore Comnty Sch Dist A+ Stable
Florence Cnty Sch Dist AA- Stable
Franklin Pub Sch Dist AA Stable
Frederic Sch Dist A+ Stable
Gibraltar Area Sch Dist AA- Stable
Glendale-River Hills Sch Dist AA Stable
Glenwood City Sch Dist AA- Stable
Green Lake Sch Dist A Stable
Hartford Union High Sch Dist AA Stable
Hilbert Sch Dist AA- Stable
Hillsboro Sch Dist A+ Stable
Holy Hill Area School District AA+ Stable
Howard-Suamico School District AA Stable
Ithaca School District A+ Stable
Janesville School District AA- Stable
Juda Sch Dist A+ Stable
Kaukauna Area Sch Dist A+ Stable
Kettle Moraine Sch Dist AA+ Stable
Kewaunee Sch Dist AA- Stable
Kickapoo Area Sch Dist A+ Stable
Kohler Sch Dist AA Stable
La Crosse Sch Dist AA Stable
Ladysmith School District A+ Stable
Lake Holcombe Sch Dist A+ Stable
Lake Mills Area School District AA Stable
Lena Pub Sch Dist A+ Stable
Linn & Walworth Joint School District Number 6 AA- Stable
Linn Joint Sch Dist #4 AA- Stable
Little Chute Area Sch Dist A+ Stable
Luck Sch Dist A+ Stable
Luxemburg-Casco Sch Dist AA- Stable
Madison Metropolitan School District AA+ Stable
Manawa Sch Dist A+ Stable
Marinette Sch Dist A+ Stable
Markesan Sch Dist AA- Stable
Marshall Sch Dist A+ Stable
Marshfield Unif Sch Dist AA- Stable
Mayville Sch Dist AA- Stable
Medford Area Pub Sch Dist AA- Stable
Melrose-Mindoro Sch Dist A+ Stable
Menasha Jt Sch Dist AA- Stable
Menomonie Area Sch Dist A+ Stable
Milwaukee Pub Schs A+ Stable A Stable
Mishicot Sch Dist AA- Stable
Mondovi Sch Dist AA- Stable
Monona Grove Sch Dist AA- Stable
Monroe Sch Dist A+ Stable
Montello School District A+ Stable
Monticello Sch Dist A+ Stable
Mukwonago Area School District AA Stable
Muskego-Norway Sch Dist AA Stable
Necedah Area Sch Dist A+ Stable
Neenah Joint School District AA- Stable
Nekoosa School District A Stable
New Glarus Sch Dist AA Stable
New Richmond Sch Dist AA- Stable
Niagara Sch Dist A Stable
North Lake Sch Dist AA Stable
North Lakeland School District AA- Stable
Northern Ozaukee Sch Dist A+ Stable
Norwalk Ontario Wilton Sch Dist A+ Stable
Oak Creek Franklin Joint School District AA Stable
Oconto Falls Public School District A Stable
Oconto Unif Sch Dist A+ Stable
Onalaska School District AA- Stable
Oostburg Sch Dist AA- Stable
Oregon Sch Dist AA Stable
Osceola Sch Dist AA- Stable
Oshkosh Area Sch Dist AA- Stable
Osseo-Fairchild Sch Dist A+ Stable
Palmyra-Eagle Area Sch Dist BB+ Stable
Parkview Sch Dist AA- Stable
Peshtigo Sch Dist A+ Stable
Pewaukee Sch Dist AA Stable
Phillips Sch Dist A+ Stable
Pittsville Sch Dist A+ Stable
Platteville Sch Dist AA- Stable
Plum City Sch Dist A+ Stable
Plymouth Jt Sch Dist A+ Stable
Port Washington-Saukville Sch Dist AA Stable
Potosi Sch Dist A+ Stable
Poynette School District AA Stable
Prentice School District A Stable
Randolph School District A+ Stable
Raymond Town School District No. 14 A+ Negative
Reedsville Sch Dist A+ Stable
Rhinelander Sch Dist AA Stable
Rib Lake Sch Dist A Stable
Rio Comnty Sch Dist AA- Stable
Ripon Area School District A+ Stable
River Falls Sch Dist AA Stable
River Ridge School District A Stable
Rosendale-Brandon Sch Dist A+ Stable
Royall Sch Dist A Stable
Salem School District A+ Stable
Sauk Prairie Sch Dist AA- Stable
School District of Delavan-Darien A Stable
Seymour Comnty Sch Dist AA- Stable
Sharon Jt Sch Dist #11 A+ Stable
Shell Lake Sch Dist AA- Stable
Shiocton Sch Dist A+ Stable
Silver Lake Jt Sch Dist #1 Salem AA- Stable
Siren Sch Dist A- Stable
Somerset Sch Dist AA- Stable
Southern Door Cnty Sch Dist AA- Stable
Southwestern Wisconsin Community School District A+ Stable
Sparta Area Sch Dist AA- Stable
Spooner Area Sch Dist A Stable
Spring Vy Sch Dist AA- Stable
St Croix Cent Sch Dist AA Stable
St. Francis School District AA- Stable
Stevens Point Area Pub Sch Dist AA- Stable
Stratford School District A+ Stable
Sun Prairie Area School District AA Stable
Superior Sch Dist AA- Stable
Swallow Sch Dist AA+ Stable
Thorp Sch Dist A+ Stable
Tomahawk School District AA- Stable
Tomorrow River School District A+ Stable
Trevor-Wilmot Cons Grade Sch Dist AA Stable
Twin Lakes School District No. 4 AA- Stable
Two Rivers Pub Sch Dist A+ Stable
Union Grove Jt Sch Dist #1 A+ Stable
Union Grove Un High Sch Dist AA Stable
Unity Sch Dist AA- Stable
Verona Area Sch Dist AA Stable
Viroqua Area Sch Dist A+ Stable
Walworth Cnty Jt Sch Dist #4 Geneva AA- Stable
Walworth Jt Sch Dist #1 A+ Stable
Waterford Graded Sch Dist Jt #1 AA Stable
Waterloo Sch Dist A+ Stable
Watertown Unif Sch Dist AA- Stable
Waukesha Sch Dist AA Stable
Waunakee Community School District AA- Stable
Wautoma Area Sch Dist A+ Stable
West Allis-West Milwaukee Sch Dist AA- Stable
West Bend Joint School District #1 AA- Stable
West De Pere School District AA- Stable
West Salem Sch Dist A+ Stable
Westby Area Sch Dist AA- Stable
Weyauwega-Fremont Sch Dist AA- Stable
White Lake School District A+ Stable
Whitehall Sch Dist BBB+ Stable
Wild Rose Sch Dist AA- Stable
Williams Bay Sch Dist AA- Stable
Winneconne Comnty Sch Dist AA Stable
Wisconsin Dells Sch Dist AA- Stable
Wittenberg-Birnamwood Sch Dist A+ Stable
Wrightstown Comnty Sch Dist AA- Stable

This report does not constitute a rating action.

Primary Credit Analyst:Andrew J Truckenmiller, Chicago + 1 (312) 233 7032;
Secondary Contact:Helen Samuelson, Chicago + 1 (312) 233 7011;
Additional Contact:Vanessa M Martinez, New York + 1 (212) 438 1415;

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