space
space
Peshtigo Times
space
space
space
Perspectives
* Country Cousin
space
space
Sports Shorts
* Area Teams Kick Off Track Season
* Pillath Voted Top M&O Wrestler
* UW-Buccaneers Claim Post-Season Honors
* Ranger Duo Share M&O MVP
* No Trolling Rule For Fishing Opener

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
03-25-2015Sports
Area Teams Kick Off Track Season

03-25-2015Sports
Pillath Voted Top M&O Wrestler

03-25-2015Sports
UW-Buccaneers Claim Post-Season Honors

03-25-2015Sports
Ranger Duo Share M&O MVP

03-25-2015Perspectives
Country Cousin

03-25-2015Perspectives
From our readers

03-25-2015Perspectives
Tales from the old-timer

03-25-2015Obituaries
Leonard Walters

03-25-2015Obituaries
Robert Talbot

03-25-2015Obituaries
William H. Myers

03-25-2015Obituaries
Susan A. Mejer

03-25-2015Obituaries
Eric P. Marquis

03-25-2015Obituaries
Joseph D. Kubasik

03-25-2015Obituaries
Elmer R. Knutson

03-25-2015Obituaries
Margaret E. Jamison

03-25-2015Obituaries
Vernon L. Hollister

03-25-2015Obituaries
Edward F. Harris

03-25-2015Obituaries
Dennis C. Hanson

03-25-2015Obituaries
Margaret Gorski

03-25-2015Obituaries
Daniel M. Carlson

03-25-2015Obituaries
Robert J. Bell

03-25-2015Obituaries
George W. Adams

03-25-2015Obituaries
Minnie A. Swanson

03-25-2015Obituaries
Charlotte T. Robison

03-25-2015Obituaries
Gladys M. Peters

03-25-2015Obituaries
Gerald J. Knutson

03-25-2015Obituaries
Ken Jendrusiak

03-25-2015Obituaries
Louis C. Hellermann

03-25-2015Obituaries
Larry D. Godson

03-25-2015Obituaries
Scottie J. Fifarek

03-25-2015Obituaries
Daniel G. Diercks

03-25-2015Obituaries
Ethel J. Bryngelson

03-25-2015Obituaries
Esther M. Borths

03-25-2015Community - Wausaukee
Winners in Wagner Benefit Card Party

03-25-2015Community - Wausaukee
Authors To Visit Wausaukee Library

03-25-2015Community - Wausaukee
T/Wausaukee Against County Assessing, Okay Variance

03-25-2015Community - Wausaukee
Wagner OK Purchase Of New Tender Truck

03-25-2015Community - Crivitz
Hundreds Attend Rural Life Day in Crivitz

03-25-2015Community - Crivitz
Walleye Spawning Project on Lake Noquebay

03-25-2015Community - Crivitz
CBA/CRA Annual Banquet at Rene’s

03-25-2015Community - Crivitz
CBA Easter Egg Hunt is April 4

03-25-2015Community - Coleman
Library Lists Month’s Events

03-25-2015Community - Coleman
Annual Auction at Faith Christian School

03-25-2015Community - Coleman
Coleman-Pound Lions Brunch Palm Sunday

03-25-2015Community - Coleman
New Church To Open in Pound

03-25-2015News
Klondike Little League Signup

03-25-2015News
Pembine Craft Sales April 11

03-25-2015News
Lena Pathfinders Rummage Sale

03-25-2015Front Page
BARN FIRE

03-25-2015Front Page
3 Killed In Bank Robbery Spree

03-25-2015Front Page
Coleman School Tables High School Remodeling

03-25-2015Front Page
Peshtigo Persons of Year Banquet March 29

03-25-2015Front Page
CJCC Seeks Grant For Local Drug Treatment

03-18-2015Community - Coleman
Coleman Church Fish Fry Mar. 20

03-18-2015Sports
No Trolling Rule For Fishing Opener

03-18-2015Sports
Wausaukee Lions Bowlers Host Over 225 Games, 600 Series

03-18-2015Sports
40th State Girls Basketball Tourney Crowns Five Champs

03-18-2015Sports
WIAA Boys 100th State Basketball Tournament

03-18-2015Perspectives
Country Cousin

03-18-2015Perspectives
From our readers

03-18-2015Perspectives
Tales from the old-timer

03-18-2015Obituaries
Robert A. Van Norman, Sr.

03-18-2015Obituaries
Steven J, Sharpe

03-18-2015Obituaries
Linda J. Porter

03-18-2015Obituaries
Frank A. Peterson

03-18-2015Obituaries
Helen L. Peterson

03-18-2015Obituaries
Michael D. Olsen

03-18-2015Obituaries
Rev. Dr. Howard E. Nelson

03-18-2015Obituaries
Fred Kuhnle

03-18-2015Obituaries
Joyce Kleinke

03-18-2015Obituaries
Kenneth C. Hult

03-18-2015Obituaries
Sandra L. Heck

03-18-2015Obituaries
Robert W. Hafeman

03-18-2015Obituaries
Claryce M. Finger

03-18-2015Obituaries
Gail Marie Becker

03-18-2015Obituaries
Jean Ann Stocker

03-18-2015Obituaries
Scott E. Seymour

03-18-2015Obituaries
Thomas A. Schloegel

03-18-2015Obituaries
John A. Payant

03-18-2015Obituaries
Dorraine Pantti

03-18-2015Obituaries
Felicia A. Klatkiewicz

03-18-2015Obituaries
Kenneth P. Herlache

03-18-2015Obituaries
Alice M. Hansen

03-18-2015Obituaries
Margaret Greening

03-18-2015Obituaries
Larry Curran

03-18-2015Obituaries
Clark P. Clermont, Sr.

03-18-2015Obituaries
Margaret M. Berger

03-18-2015Obituaries
Robert Bence

03-18-2015Obituaries
Myrtle E. Beaupre

03-18-2015Obituaries
Walter S. Banko

03-18-2015Obituaries
Donald C. Flom

03-18-2015Community - Wausaukee
Wausaukee Woman Gets $2500 Grant

03-18-2015Community - Wausaukee
Wausaukee Board Hears Goals of Achievement Plans

03-18-2015Community - Wausaukee
Wagner Fire Department 2nd Card Party Winners

03-18-2015Community - Wausaukee
Unit 66 Auxiliary Hears Reports

03-18-2015Community - Crivitz
CBA Easter Egg Hunt is April 4

03-18-2015Community - Crivitz
Country Gospel Jam March a 20

03-18-2015Community - Crivitz
CRA/CBA Banquet, Persons of Year April 13

03-18-2015Community - Crivitz
Loomis Historical Meeting April 2

03-18-2015Community - Coleman
Lioness Host Parade of Checks

03-18-2015Community - Coleman
Coleman Elementary PTO Luau Dance

03-18-2015Community - Coleman
FBC Hosts AWANA Grand Prix Program

03-18-2015News
Village of Coleman T-Ball Sign-Up

03-18-2015News
1965 Class To Plan Reunion

03-18-2015News
Annual Auction at Faith Christian School

03-18-2015News
Coleman-Pound Lions Brunch Palm Sunday

03-18-2015Front Page
Enter Not Guilty Pleas In Child Neglect Case

03-18-2015Front Page
Architects, Board Work Again On New Peshtigo High School

03-18-2015Front Page
Town of Peshtigo OKs Land Use For Dog Park

03-18-2015Front Page
Marinette High School Walls Need Repair

03-18-2015Front Page
City of Peshtigo Police Warn of Donation Scam

03-11-2015Sports
Peshtigo High School Bowlers Take 12th at State Competition

03-11-2015Sports
Cougars Clipped By Cardinals In Title Match

03-11-2015Sports
Niagara Falls Short Of Comeback

03-11-2015Sports
Three Area Teams Advance To Sectionals

03-11-2015Perspectives
Country Cousin

03-11-2015Perspectives
From our readers

03-11-2015Perspectives
Tales from the old-timer

03-11-2015Obituaries
Constance D. Szoke

03-11-2015Obituaries
Floyd D. Schultz

03-11-2015Obituaries
Irene C. Sanders

03-11-2015Obituaries
James A. Reed

03-11-2015Obituaries
Elaine A. Nelson

03-11-2015Obituaries
Ida E. Moore

03-11-2015Obituaries
Leroy W. Lutzke

03-11-2015Obituaries
Dewane C. Hummel

03-11-2015Obituaries
Howard J. Hubbard

03-11-2015Obituaries
Timothy Dolata

03-11-2015Obituaries
Franklin L. Bjorklund, Jr.

03-11-2015Obituaries
Lucille Blahnik

03-11-2015Obituaries
Earl R. Vaughn, Jr.

03-11-2015Obituaries
Bernice A. Van Eyck

03-11-2015Obituaries
Elizabeth M. Sommerfeld

03-11-2015Obituaries
Norman F. Smith

03-11-2015Obituaries
Philip Erwin Schmidt

03-11-2015Obituaries
Donald F. Photenhauer

03-11-2015Obituaries
Paul Pfeiffer

03-11-2015Obituaries
Joseph A. Peters

03-11-2015Obituaries
Gloria M. Peters

03-11-2015Obituaries
Nancy C. Marzano

03-11-2015Obituaries
Marliss-ann Lundquist

03-11-2015Obituaries
Pauline B. Lindquist

03-11-2015Obituaries
Versa Gibson Hebert

03-11-2015Obituaries
Melvin Haack

03-11-2015Obituaries
Leonard G. Gasall

03-11-2015Obituaries
Betty J. Forcey

03-11-2015Obituaries
Robert E. Ewald

03-11-2015Obituaries
Jean T. Elliott

03-11-2015Obituaries
Lois A. Behnke

03-11-2015Community - Wausaukee
Wausaukee Rec Youth Baseball/Softball Sign Up


space
Peshtigo Times
WEB Poll!
Wisconsin lawmakers passed a bill with a 76-22 vote that would increase the maximum speed limit to 70 mph in approved areas. Do you agree that the speed limit should be increased?
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
© 2000-2015
All right reserved
space
Powered by
WEB Media
Interactive
COMMUNITY
WEB sites