space
space
Peshtigo Times
space
space
space
Perspectives
* Country Cousin
space
space
Sports Shorts
* Area Wrestling
* WCC Basketball
* M&O Girls Basketball
* Area Boys Basketball
* 2 Crivitz Youth Compete in PPK at Green Bay Dec. 4

space
Peshtigo Fire
space
e-Edition
Now Available
For more information
click here
dot
THE CITY REBORN FROM THE ASHES OF AMERICA'S MOST DISASTROUS FOREST FIRE
space
dot
space

Finance Committee Recommends $37,335,000 Borrowing Resolution

After some agonized discussion at its meeting on Monday, Aug. 18, Marinette County Board’s Finance Committee agreed to ask the full County Board to approve an initial resolution authorizing borrowing up to $37,335,000 over the next few years to finance projects in the county’s 5-year capital improvements plan. I’m having a hard time supporting the 5-year plan. I just can’t support this, declared County Board Vice Chair Kathy Just as she cast the sole opposing vote.

Voting in favor were County Board Chair Vilas Schroeder and supervisors Don Phillips, Melissa Christiansen and Don Pazynski.

Before the vote, Schroeder explained approving the resolution does not bind them to borrow that much, but it gives us the flexibility to borrow up to that amount. He said the County Board will still need to vote separately on each specific bond issue. He said he and Finance Director Pat Kass had met with Financial consultant Jeff Belongia to discuss the plans, and after that he felt more comfortable. I just felt we need to plan ahead. If we plan on doing these improvements, we need to plan for the funding.

Pazynski viewed the resolution as a cap on the amount they can borrow in the next five years. We can borrow up to that amount, but not more, he explained.

The board has already approved this year’s version of the 5-year Capital Improvement Plan.

Just asked what the impact of that amount of borrowing would be on a $100,000 home. Kass explained according to an estimated preliminary schedule he had worked out with Belongia the property tax levy will go up 19 to 27 cents per $1,000 of equalized value, or $19 to $27 per year on a $100,000 home. Property values in the county dropped about 3 percent this year, so that could mean a higher levy. A good sales tax year would mean less debt service on the tax roll.

Moments earlier the committee had unanimously approved a Scope of Engagement agreement with Hutchinson Shockey Erley & Company of Milwaukee which effectively hired the county’s long-time financial consultant Jeff Belongia to act as underwriters for the $6,270,000 bond issue to finance Capital Improvement funding for 2015.

Finance Director Kass explained it was Belongia who worked with them on the $9 million bond issue early this year, as he has on every bond issue for nearly two decades.

Kass said there is no fear that Belongia will not act in the county’s best interests on this bond issue as he has in the past, but the formal agreement puts more emphasis on what the consultant does and does not do for the county.

The committee agreed to accept a discounted payment option which they will get a 15 percent discount for paying Cost Controls Associates, Inc. the entire amount of their phone audit fee now, rather than over the life of the agreement.

Kass said the audit resulted in $85,579 in savings on telephone costs for the county, and Cost Control fee is 42 percent of the savings. The county will pay the entire $30,000, which is the balance after the 15 percent discount. Kass said he recommends doing it, even though it means taking $22,141 from Contingency. Kass commented he cannot make 15 percent on investments.

He said Holly Viestenz of his office went through the audit results closely, and these are solid savings.

Schroeder asked if they were losing oversight by releasing Cost Controls from their contract early, but Kass said the county, not Cost Control, is responsible for watching to see that the phone bills don’t get bumped up again.

The Cost Control summary report showed $43,761 in fixed phone savings, $28,655 in cellular phone savings and $13,163 in long distance savings.

While reviewing bills, Schroeder questioned payment of $6,000 to the Peshtigo Times and was told it was for publishing three full pages advertising tax delinquent properties.


Recent stories, opinions and photos

Issue Date Department Headline
12-07-2016Obituaries
Leone M. Berger

12-07-2016Obituaries
Thomas G. Bornfleth

12-07-2016Obituaries
Rachel Bramschreiber

12-07-2016Obituaries
Harold Brumlic

12-07-2016Obituaries
Daniel R. Bucksa

12-07-2016Obituaries
Austin M. Buege

12-07-2016Obituaries
Laverne C. Emmes

12-07-2016Obituaries
Alyce M. Erickson

12-07-2016Obituaries
Richard P. Fetterly

12-07-2016Obituaries
Rowland J. Geniesse

12-07-2016Obituaries
Daniel L. Gokey

12-07-2016Obituaries
Francis E. Hoerres

12-07-2016Obituaries
Deborah K. Johnson

12-07-2016Obituaries
Austin Kubiak

12-07-2016Obituaries
Charlotte C. Leeseberg

12-07-2016Obituaries
Bruce A. Leppi

12-07-2016Obituaries
Duane Nelson

12-07-2016Obituaries
Richard E. Neumann

12-07-2016Obituaries
Marlene A. Nocerini

12-07-2016Obituaries
Cindy M. Ondik

12-07-2016Obituaries
Dorothy A. Oslin

12-07-2016Obituaries
Nancy M. Patterson

12-07-2016Obituaries
Mae A. Plutchak

12-07-2016Obituaries
Irene V. Shevy

12-07-2016Obituaries
James Stillman

12-07-2016Obituaries
Arthur C. Tappy

12-07-2016Obituaries
Rodger A. Trottier

12-07-2016Obituaries
Raymond D. Williams, Jr.

12-07-2016Obituaries
Antony K. Witzmann

12-07-2016Community - Wausaukee
Share Items You No Longer Wear

12-07-2016Community - Wausaukee
Wagner Board Meeting Dec. 14

12-07-2016Community - Wausaukee
Wausaukee Schools List Concert Dates

12-07-2016Community - Wausaukee
Veterans Dinner, Christmas Party at Wausaukee Dec. 11

12-07-2016Community - Crivitz
Crivitz Elementary, Middle School Students of Month

12-07-2016Community - Crivitz
Violin Lessons, Bowl New Area Classes

12-07-2016Community - Crivitz
Country Jam With Christmas Music Dec. 16

12-07-2016Community - Crivitz
Crivitz Legion Dinner Dec. 21

12-07-2016Community - Coleman
Coleman Utility Board Dec. 12

12-07-2016Community - Coleman
Coleman Library Set Silent Auction

12-07-2016Community - Coleman
Safe Haven Church Collects for Needy

12-07-2016Community - Coleman
Coleman Board To Meet Dec. 12

12-07-2016Sports
Area Wrestling

12-07-2016Sports
WCC Basketball

12-07-2016Sports
M&O Girls Basketball

12-07-2016Sports
Area Boys Basketball

12-07-2016Perspectives
Country Cousin

12-07-2016Perspectives
From Our Readers

12-07-2016Perspectives
From My Window

12-07-2016Front Page
SWEARING IN CEREMONY

12-07-2016Front Page
Name Jillian Schutte To Peshtigo City Council

12-07-2016Front Page
Bousley, Kaufman, Deschane Re-Elected to MCABI Offices

12-07-2016Front Page
Area Groups Recipients of Packer Annual Grants

12-07-2016Front Page
Price Decrease for Bellin Hospitals

12-07-2016Front Page
Village Pound President Will Not Seek Re-Election

11-30-2016Obituaries
Brielle R. Beres

11-30-2016Obituaries
Melvin J. Blohowiak

11-30-2016Obituaries
Sharon A. Bogner 

11-30-2016Obituaries
Robert Chaltry

11-30-2016Obituaries
Shirley G. Collins

11-30-2016Obituaries
Carol Jean Downing

11-30-2016Obituaries
Katherine L. Duaime

11-30-2016Obituaries
Orven L. Fabry

11-30-2016Obituaries
James Haban

11-30-2016Obituaries
Leonard Jarosz

11-30-2016Obituaries
Robert Magnin

11-30-2016Obituaries
Lela M. McTrusty

11-30-2016Obituaries
Richard E. Neely

11-30-2016Community - Coleman
Village Board Meets Dec. 5

11-30-2016Obituaries
Myra I. Orlando

11-30-2016Community - Coleman
Youth Wrestling Sign Up Dec. 1st

11-30-2016Obituaries
Bernadine M. Pietrek

11-30-2016Obituaries
Elaine H. Rathjen

11-30-2016Community - Coleman
Free Health Event at Coleman PK Fit

11-30-2016Obituaries
James L. Stillman

11-30-2016Community - Coleman
Coleman SHINE Bazaar, Craft Sale on Dec. 3rd

11-30-2016Obituaries
Sonia L. Stephanie

11-30-2016Obituaries
Linda Wolff

11-30-2016Community - Crivitz
Violin Lessons, Bowl New Area Classes

11-30-2016Community - Crivitz
Honored for 70 Years in Catholic Financial

11-30-2016Front Page
21 Volunteers Become Advocates for Children

11-30-2016Community - Wausaukee
Wagner Fire Department Sportsman Raffle Winners

11-30-2016Community - Wausaukee
Wausaukee School Earns 3 Stars on Report Cards

11-30-2016Community - Wausaukee
Wausaukee Students Grades 4-6 in Chess Club

11-30-2016Front Page
Judge Halts Dec. 1 Start Of Overtime/Salary Rule

11-30-2016Front Page
Wisconsin Presidential Recount Is Underway

11-30-2016Community - Wausaukee
Wausaukee Blood Drive is Dec. 5th

11-30-2016Front Page
Lectures, Tours Offered On Proposed Back Forty Mine

11-30-2016Front Page
Gala Parade, Many Events for Christmas in Marinette Dec. 3

11-30-2016Obituaries
Virginia E. Wilson

11-30-2016Obituaries
Stephen J. Wallace

11-30-2016Obituaries
Gail G. Van Caster

11-30-2016Perspectives
Country Cousin

11-30-2016Perspectives
From My Window

11-30-2016Sports
2 Crivitz Youth Compete in PPK at Green Bay Dec. 4

11-30-2016Sports
Area Girls' Basketball

11-30-2016Sports
Area Boys' Basketball

11-30-2016Sports
MHSAA State Championship

11-22-2016Front Page
Sentinel Structures Trucks Oversized Load of Arches

11-22-2016Front Page
Peshtigo School Board Views Tentative New Building Plans

11-22-2016Front Page
Grover Voters Okay Levy Hike For New Fire Truck

11-22-2016Front Page
Coleman Earns Highest DPI Report Card Rating

11-22-2016Front Page
Wausaukee Residents Urged To Attend Nov. 30 Hearing

11-22-2016Community - Coleman
Coleman SHINE Bazaar, Craft Sale on Dec. 3rd

11-22-2016Community - Coleman
Santa Claus at Village Pound Lights Parade

11-22-2016Community - Coleman
Coleman Trinity Church Advent Meal, Services

11-22-2016Community - Coleman
Coleman Youth Wrestling Sign Up

11-22-2016Community - Crivitz
Church Sponsors Christmas in the Village of Bethlehem

11-22-2016Community - Crivitz
Crivitz 2nd Graders Thank Veterans

11-22-2016Community - Crivitz
Howard Members Join Crivitz VFW Memorial

11-22-2016Community - Crivitz
Loomis Historical Christmas Pot Luck

11-22-2016Community - Wausaukee
Wausaukee Students Win Legion Auxiliary National Award

11-22-2016Community - Wausaukee
Wausaukee Booster Club Wine, Beer Testing Feb. 11

11-22-2016Community - Wausaukee
Town of Wausaukee Levy is $445,957.40

11-22-2016Community - Wausaukee
Library Cookie Walk Dec. 3rd

11-22-2016Obituaries
Doris M. Zimmerman

11-22-2016Obituaries
Eugene Trepanier

11-22-2016Obituaries
Patricia L. Thomas

11-22-2016Obituaries
Floyd F. Suennen

11-22-2016Obituaries
Irene D. Strzyzykowski

11-22-2016Obituaries
Evelyn C. Quarnstrom

11-22-2016Obituaries
Harry J. Ruff

11-22-2016Obituaries
Jerry L. Popp

11-22-2016Obituaries
Austin Kubiak

11-22-2016Obituaries
Jane M. Janes

11-22-2016Obituaries
James Haban

11-22-2016Obituaries
Ralph E. Bancroft

11-22-2016Obituaries
Dona J. Van Hoff

11-22-2016Obituaries
David A. McClain

11-22-2016Obituaries
Nick Vidas

11-22-2016Obituaries
Agnes Kowalski

11-22-2016Obituaries
Elsabea J. Oldham

11-22-2016Obituaries
Kenneth W. Westcott

11-22-2016Obituaries
Orville J. Renier

11-22-2016Obituaries
Raymond H. Rakers

11-22-2016Obituaries
The Rev. em. Reginald E. Pope

11-22-2016Obituaries
Albert P. Mineau

11-22-2016Obituaries
Elaine A. Marquardt

11-22-2016Obituaries
Elizabeth J. Lownik

11-22-2016Obituaries
Betty A. LaCount

11-22-2016Obituaries
Doris I. Kriegl

11-22-2016Obituaries
Angeline H. Johnston 

11-22-2016Obituaries
Barbara A. Erickson

11-22-2016Obituaries
Carol M. Bushmaker 

11-22-2016Perspectives
Country Cousin

11-22-2016Perspectives
From our readers

11-22-2016Perspectives
From My Window

11-22-2016Sports
Coach Motkowski Ready to Unleash "Dogs in '16-൙

11-22-2016Sports
M&O Basketball - Area Teams Start Season with Wins

11-22-2016Sports
Young Marines Hold On in Season Opener

11-22-2016Sports
MSHAA Semifinal - Maroons To Face Grand Rapids West In State Final


space
Peshtigo Times
WEB Poll!
Do you think Donal Trump made good choices in his cabinet?
space Yes
No
Undecided
space
TO VOTE CLICK
YES, NO or UNDECIDED

Suggest a Question
space .
space
FRONT
space
.
space
CLASSIFIEDS
space
.
space
COMMUNITY
space
.
space
GUEST BOOK
space
.
space
NEWS
space
.
space
OBITS
space
.
space
PERSPECTIVES
space
.
space
SPORTS
space
.
space
SUBSCRIBE
space
.
space
.
space
PESHTIGO FIRE
space
.
space
CUSTOM PRINTING
space
.
space
TIMES' SAVER
space
.
space
Click for Peshtigo, Wisconsin Forecast
FORECAST
space
Quick...
News or Ad Search
Enter News key words.
Enter Ad key words.



Peshtigo Times
841 Maple St
PO Box 187
Peshtigo, WI 54157
Phone: 715-582-4541
Email:
News@
PeshtigoTimes.com

space
Fax: 715-582-4662
© 2000-2016
All right reserved
space
Powered by
WEB Media
Interactive
COMMUNITY
WEB sites