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Racine Schools Plan $10 Million Johnson Bank Renewal

Racine School District logoRacine School District
Disclosed value
$10,000,000 maximum line of credit
From agenda
Document date
Oct 19, 2026
Term
2026-2027 school year
Renews
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The 30-second brief

What it covers

The Racine Unified School District Board is scheduled to renew its emergency $10 million line of credit with Johnson Bank for the 2026-27 school year. The facility will support short-term cash-flow needs, including payroll and invoice payments, with interest charged only on amounts used.

Who holds it

Johnson Bank holds this financial services contract with Racine School District. Its other public contracts on record include work for Pewaukee village and Town of Gibraltar.

What happens next

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Contract details

Contract type
Financial Services
Amount
$10,000,000 maximum line of credit
Document date
October 19, 2026
Term
2026-2027 school year
Renews
On record
Vendor
Johnson Bank
Agency
Racine School District
Source document
Racine School District Agenda Regular Board Business Meeting 2026-10-19 (Agenda)

Johnson Bank's other public contracts

Pewaukee village, WisconsinPewaukee Considers Johnson Bank Stormwater Agreement · Oct 20, 2026UndisclosedTown of Gibraltar, WisconsinGibraltar Approves $2.9 Million Johnson Bank Borrowing · Oct 6, 2026Town of Gibraltar, WisconsinGibraltar Approves Five-Year Johnson Bank Borrowing · Oct 6, 2026$2.9 millionRandom Lake village, WisconsinVillage Continues Johnson Bank Debt Service Payments · Sep 17, 2026Town of Gibraltar, WisconsinGibraltar Approves $2.9 Million Johnson Bank Loan · Sep 2, 2026All Johnson Bank contractsVendor profile

More Racine School District contracts

Omnia PartnersGifford K-8 Auditorium Seating Purchase Planned · Oct 19, 2026UndisclosedJwc Building SpecialtiesAuditorium Seating Quote Recommended for Gifford School · Oct 5, 2026$145.7KEf ToursWalden Plans EF Tours Educational Trip to Washington DC · Sep 27, 2026Jwc Building Specialties IncJWC Quotes $145,708 for Gifford Auditorium Seating · Sep 19, 2026$145.7KIrwin Seating CompanyIrwin Seating Named Under OMNIA Cooperative Contract · Sep 19, 2026All Racine School District activityAgency profile

Questions about this contract

Who was awarded the financial services contract by Racine School District?

Johnson Bank was awarded this financial services contract by Racine School District, as recorded on October 19, 2026. The contract value is $10,000,000 maximum line of credit.

How much is the Johnson Bank contract with Racine School District worth?

The Johnson Bank contract with Racine School District is valued at $10,000,000 maximum line of credit, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in Racine School District Agenda Regular Board Business Meeting 2026-10-19 (Agenda), dated October 19, 2026 from Racine School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Johnson Bank hold?

Johnson Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is Racine School District currently buying?

Explore Racine School District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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