Foundation for Madison Public Schools
I noticed these signs placed on the Wisconsin State Capitol grounds Saturday, 28 September 2024 and wondered who was behind their printing and placement (along with whether such partisan activity can be placed on taxpayer funded facilities)?One week later, two employees of the Foundation for Madison Public Schools (8 total employees according to them) staffed a table on the Capitol Square during the Saturday farmer’s market. The FMPS’s 2022 IRS form 990 (more from Propublica “tax exempt since 2002” EIN: 39-2043104) lists total assets or fund balances of $14,316,174 (up from 12,953,618 in 2021); revenues of $1,716,885 and expenses of 2,075,053 (loss of 358,168 vs a gain of 2,290,985 in 2021). Section IX lists expense details (including bad debts).
The Foundation for Madison Public Schools is apparently advocating for a large fall 2024 tax and spending increase referendum:
More:
“On four previous operating referendums, Madison voters opted to raise their school property taxes in perpetuity, so those tax increases never expire”.
“The irresponsibility of this (Madison School Board) is just hard to get your head around”.
Madison’s well funded k-12 system and city government are seeking substantial 607M+ tax and spending increases via referendum this fall.
Madison taxpayers of long supported far above average K – 12 spending.