The Waukesha School District will receive $459,595 thanks to earnings from Common School Fund investments, the Board of Commissioners of Public Lands announced March 21.
In all, Wisconsin’s K-12 public school libraries will receive $32.1 million.
It's revenue the Waukesha School District can put to good use,especially in light of lost revenues elsewhere, local officials said.
"Waukesha Schools remains grateful for this annual Common School Fund allocation," the district said in a statement last week. "Funds are always earmarked for books and technology. Wisconsin public schools are anticipating receiving less funding for its libraries this year. According to Waukesha School District Superintendent Todd Gray, the impact on Waukesha schools should be minor and manageable."
Commissioner Doug La Follette, who serves secretary of state, presented Kurt Kiefer, assistant state superintendent of public instruction, with a ceremonial check at the Wisconsin Educational & Media Technology Association’s (WEMTA) annual conference at the Kalahari Resort in the Wisconsin Dells.
The Board of Commissioners of Public Lands was established in 1848 by Article X of the Wisconsin Constitution to manage assets of the Common School Fund. This permanent endowment was created in the state's constitution to benefit public education.
The release said the BCPL generates earnings for the Common School Fund by investing in state and municipal bonds and State Trust Funds that finance community projects across the state.
School districts use this money for library materials including books, newspapers and periodicals, web-based resources, and computer hardware and software.
For more information on the board, go online to bcpl.wisconsin.gov.