PRESS RELEASE: State Treasurer Sarah Godlewski visited Kromrey Middle School, highlighted over $330K for Middleton-Cross Plains Schools

Wisconsin Office of the State Treasurer Sarah Godlewski
FOR IMMEDIATE RELEASE: 3/17/22
Contact: emma.stutzman1@wisconsin.gov or (608) 266-1714
 

State Treasurer Sarah Godlewski visited Kromrey Middle School, highlighted over $330K for Middleton-Cross Plains Schools

Treasurer Godlewski met with students, faculty, and administrators to see the impact of over $330,000 for books and technology for school libraries in the Middleton-Cross Plains Area School District.

Photo from Kromrey Middle School Visit

MIDDLETON, Wis. — State Treasurer Sarah Godlewski visited Kromrey Middle School today, where she met with Middleton-Cross Plains Area School District (MCPASD) Superintendent Dr. Dana Monogue, Kromrey Principal Dominique Ricks, Library Media Specialist Nanci Marshall, State Representative Dianne Hesselbein, Middleton Mayor Gurdip Brar, and several Middleton City Alders. The visit highlighted how Kromrey Middle School and MCPASD will use the over $330,000 the district will receive from the Common School Fund this year.

State Treasurer Godlewski serves as Chair of the Board of Commissioners of Public Lands (BCPL), which oversees the $1.3 billion Common School Fund. On March 8, Godlewski announced that the smart investment strategy that the BCPL has worked diligently to implement over the past few years has resulted in a record-breaking distribution of $40.6 million that will support all Wisconsin public schools. MCPASD will receive $334,563 to focus on funding books and technology.

“Wisconsin students are our future and it is essential we do everything we can to make sure our kids have the resources they need to thrive in our public schools. I am proud that despite the economic challenges, we have led a successful investment strategy for the Common School Fund and are providing a record-breaking distribution. These funds not only make a big difference with our K-12 public school libraries but they also help many of our schools address the digital divide,” said State Treasurer Sarah Godlewski.

The Common School Fund is a crucial source of revenue for school libraries that provides students in every corner of the state with books and technology, enhancing their educational experience and helping to set them up for success. This annual distribution provides the sole source of funding for over 90% of school libraries, and the Common School Funding is the only available source of state funding for public school libraries. Earnings from the BCPL’s investment portfolio are distributed annually to every public school district in Wisconsin.

“MCPASD is grateful for the more than $330,000 we are receiving from the Common School Fund and State Treasurer Sarah Godlewski. Our district is very proud of the work we are doing surrounding literacy, and this funding is crucial in helping us continue to provide books that are inclusive to all students,” said Superintendent of Middleton-Cross Plains Dr. Dana Monogue.

“By far one of the most transformational things you can cultivate in a student is a love of reading. The act of exploring worlds through words is life changing and we appreciate our state's investment in that,” said Kromrey Middle School Principal, Dom Ricks.


Background

The Board of Commissioners of Public Lands (BCPL), chaired by State Treasurer Godlewski, oversees $1.3 billion in state trust funds. This includes the Common School Fund, which makes annual distributions that fund books and technology for every school district in the state. As part of her role as board chair, the State Treasurer has prioritized Wisconsin investments and has integrated Environmental, Social, and Governance (ESG) considerations into the investment strategy. One of her first actions as board chair was to roll back a climate change gag rule which prevented staff from discussing climate change and how it impacted investments.

In today’s low-interest-rate environment and with the uncertainty of the financial market, this level of distribution would not be possible if the Trust Fund remained invested solely in loans and bonds, as required under statute from 1848 through 2015. The updated investment strategy has led to the diversification of the Common School Fund that added millions to future distributions and will continue to pay dividends to Wisconsin schoolchildren for generations to come. In the last biennium, the BCPL has made $570 million in new portfolio investments, which includes $165 million for financing essential economic development, infrastructure, and other community projects and purchases in Wisconsin.

 
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