MADISON, Wis. -- State Treasurer Sarah Godlewski and Senator Patty Schachtner (D-Somerset) highlighted Board of Commissioners of Public Lands (BCPL) investments in Burnett County communities during visits to the town of Wood River and Webster Elementary School.
In March, the town of Wood River received an $878,000 loan from the State Trust Fund Loan Program to construct a new town hall and truck shop building. Webster Elementary School received $25,088 through the BCPL’s 2019 Common School Fund distribution. The Common School Fund was established in 1848 under the Wisconsin Constitution. The fund is the sole source of financial support for 92 percent of Wisconsin’s school libraries.
State Treasurer Godlewski said, “The BCPL is providing critical financing that is making a difference across Wisconsin. I am glad we can play a role in helping communities like Wood River complete the projects they need. As Chair of this agency, it’s also my top priority to ensure strong financial returns that support over a million school children around the state. This funding allows local librarians, like those in Webster, purchase needed books and technology while relieving the burden on local property taxpayers.”
Treasurer Godlewski serves as chair of the BCPL, which manages both the State Trust Fund Loan Program and the Common School Fund.
“I am excited to work with Treasurer Godlewski to highlight the investments happening in Wood River and Webster,” said Senator Patty Schachtner (D-Somerset). “Northwest Wisconsin is a vital part of our state. I’m honored to advocate for resources that can help our region thrive.”