space
space
Peshtigo Times
space
space
space
Perspectives
* From our readers
space
space
Sports Shorts
* UPIR Fall Classic Wraps Season, Crowns 2014 Champions
* Coleman, Peshtigo In Five-Game Thriller; Crivitz Over Wausaukee, Lena at Home
* Area Runners Place Well In Shawano
* Another Winning Week For Area Teams
* Busy Week For M-O Volleyball As Rangers, Bulldogs And Badgers Win

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
09-17-2014Sports
UPIR Fall Classic Wraps Season, Crowns 2014 Champions

09-17-2014Sports
Coleman, Peshtigo In Five-Game Thriller; Crivitz Over Wausaukee, Lena at Home

09-17-2014Sports
Area Runners Place Well In Shawano

09-17-2014Sports
Another Winning Week For Area Teams

09-17-2014Perspectives
From our readers

09-17-2014Perspectives
Tales from the old-timer

09-17-2014Perspectives
Country Cousin

09-17-2014Obituaries
Roberta L. Shelby

09-17-2014Obituaries
Eleanor E. Robinette

09-17-2014Obituaries
Roger E. Pillsbury

09-17-2014Obituaries
Otis E. Goltz

09-17-2014Obituaries
Barb Christensen

09-17-2014Obituaries
Elizabeth J. Baumann

09-17-2014Obituaries
Betty L. Woller

09-17-2014Obituaries
Joyce Wieck

09-17-2014Obituaries
Patricia J. (White) Utley

09-17-2014Obituaries
Mary L. Swanson

09-17-2014Obituaries
Robert T. Sandahl

09-17-2014Obituaries
Monica M. Rymer

09-17-2014Obituaries
Donald L. Noack

09-17-2014Obituaries
Marie T. Naffzinger

09-17-2014Obituaries
Michael G. Motsinger

09-17-2014Obituaries
Eleanor R. Mikula

09-17-2014Obituaries
George J. Medley

09-17-2014Obituaries
Calvin W. Krueger

09-17-2014Obituaries
Virginia Eggen

09-17-2014Obituaries
Richard S. Bozile

09-17-2014Community - Wausaukee
Wausaukee Acts On Pier, Mobile Home Violation

09-17-2014Community - Wausaukee
Presbyterian Women Oct. 18 Fall Supper

09-17-2014Community - Wausaukee
Legion Post 66 Chili Fest Sept. 27

09-17-2014Community - Wausaukee
Athelstane Board Receives Public Input, Timber Check

09-17-2014Community - Crivitz
Legion Gun, Knife Show on Sept. 27

09-17-2014Community - Crivitz
19 at Even Monday Cards

09-17-2014Community - Crivitz
Wolverines Sept. 26 Tailgate Party

09-17-2014Community - Crivitz
KC Dinner For Special Friends

09-17-2014Community - Coleman
North Country Kickers Fall Dance on Sept. 27

09-17-2014Community - Coleman
KC Punt, Pass Kick is Sept. 2

09-17-2014Community - Coleman
Coleman Students Return from Educational Trip to Greece, Italy

09-17-2014Community - Coleman
Free Horseshow at Equity Park Sept. 21

09-17-2014News
Balthazor Benefit at Lee’s Foods

09-17-2014News
Grover Porterfield FD Open House is Sept. 20

09-17-2014News
Coleman Legion Flag Disposal Ceremony Sept. 27

09-17-2014News
VA to Hold POW/MIA Recognition Day Sept. 19

09-17-2014Front Page
New Platform for Old Depot, List Oct. Events

09-17-2014Front Page
Peshtigo School To Buy Industrial Park Land

09-17-2014Front Page
Peshtigo Fire, Crime Stoppers In Challenge

09-17-2014Front Page
County Health and Human Services Still Needs $443,000 From Reserves

09-17-2014Front Page
Vote 3 to 2 To Rescind Airport Security Policy

09-10-2014Sports
Busy Week For M-O Volleyball As Rangers, Bulldogs And Badgers Win

09-10-2014Sports
Second Place Finish For Demeney Racing In TORC Super Stock

09-10-2014Sports
Youth Football Kicks Off In Area

09-10-2014Sports
Peshtigo Into Win Column, Coleman Rolls

09-10-2014Perspectives
Tales from the old-timer

09-10-2014Perspectives
Country Cousin

09-10-2014Obituaries
Helen M. Wilmot

09-10-2014Obituaries
Bernice B. Vorpahl

09-10-2014Obituaries
Donald M. Umentum

09-10-2014Obituaries
Judith E. Siegrist

09-10-2014Obituaries
Bernice Shallow-Goetz

09-10-2014Obituaries
Doris M. Paulson

09-10-2014Obituaries
Wayne Paulsen

09-10-2014Obituaries
George J. Medley

09-10-2014Obituaries
Lorraine P. McCabe-Ganey

09-10-2014Obituaries
Grace A. Marcouiller

09-10-2014Obituaries
William C. Johnston Sr.

09-10-2014Obituaries
Raymond F. Hornick

09-10-2014Obituaries
Donald A. Hockers

09-10-2014Obituaries
Patricia A. Giese

09-10-2014Obituaries
Mary Jane Deterville

09-10-2014Obituaries
Jeff Coopman

09-10-2014Obituaries
Paul Rodney Wilson

09-10-2014Obituaries
Ruth Weeks

09-10-2014Obituaries
Donald J. Shampo

09-10-2014Obituaries
Frances Polzer

09-10-2014Obituaries
Carol M. Norman

09-10-2014Obituaries
Mary E. McDonald Ryan

09-10-2014Obituaries
Daniel R. Madsen

09-10-2014Obituaries
Walter Leitzke

09-10-2014Obituaries
Della M. Kamin

09-10-2014Obituaries
Gerald J. Gebhard

09-10-2014Obituaries
Ronald Fischer, Sr.

09-10-2014Obituaries
Carl “Coz” Franzen

09-10-2014Obituaries
Isabelle J. Des Jarlais

09-10-2014Obituaries
Pearl Charbonneau

09-10-2014Obituaries
Joyce B. Brumlic

09-10-2014Obituaries
Dorothy E. Brostowitz

09-10-2014Obituaries
Elizabeth J. Beauchamp

09-10-2014Obituaries
Phyllis M. Anderson

09-10-2014Obituaries
Peggy Barrows

09-10-2014Community - Wausaukee
Silver Cliff F/R Election Oct. 13

09-10-2014Community - Wausaukee
Wagner Approves Stop Sign, Get Dump Update

09-10-2014Community - Wausaukee
Leonard Doering Takes Old Glory Honor Flight

09-10-2014Community - Wausaukee
Hoover’s Sponsors Ranger BB Event

09-10-2014News
Grover Porterfield FD Open House is Sept. 20

09-10-2014News
Benefit Golf Scramble at DeSmidt’s Sept. 20

09-10-2014News
Basic Pistol Course at Squad Building

09-10-2014News
Church Raises $400 in Brat Fry

09-10-2014Community - Crivitz
Friends of Camp Bird Meet Sept. 24

09-10-2014Community - Crivitz
Shaffers Donate Food Despite Loss

09-10-2014Community - Crivitz
Crivitz Seeks Rate Increase

09-10-2014Community - Crivitz
MI To Discuss Golf Carts on Roads

09-10-2014Community - Coleman
Reservations Due for 1954 Class

09-10-2014Community - Coleman
Coleman Legion Flag Disposal

09-10-2014Community - Coleman
Plans Continue for Dollar Store in Coleman

09-10-2014Community - Coleman
Coleman School Annual, Regular Meetings Sept. 15

09-10-2014Front Page
Famous Shaffer Park Supper Club Destroyed By Fire

09-10-2014Front Page
“Diggers” Film Artifacts of Early Peshtigo Oct. 5 Week

09-10-2014Front Page
Equity Co-Op To Mark 100th Anniversary Sept. 13

09-10-2014Front Page
Marinette Courthouse Sustains Extensive Water Damage from Rain

09-10-2014Front Page
Law Enforcement Committee To Air DA Request For Help

09-03-2014Sports
Ruffed Grouse Society Banquet In Crivitz

09-03-2014Sports
Menominee Trap League Final Week

09-03-2014Sports
Want To Try Hunting? Local Hunting Events Are The Way To Go

09-03-2014Sports
Bulldogs Downed By Bears

09-03-2014Perspectives
From our readers

09-03-2014Perspectives
Tales from the old-timer

09-03-2014Perspectives
Country Cousin

09-03-2014Obituaries
Dorothy J. Van Straten

09-03-2014Obituaries
Richard L. Tessier

09-03-2014Obituaries
Matthew G. Strojny

09-03-2014Obituaries
Don J. Schroeder

09-03-2014Obituaries
Julie M. Peters

09-03-2014Obituaries
Doris M. Paulson

09-03-2014Obituaries
Elaine H. Maahs

09-03-2014Obituaries
Maurice A. Johnson

09-03-2014Obituaries
Jerome E. Hassenfeldt

09-03-2014Obituaries
Elmer Guseck

09-03-2014Obituaries
Doris S. Griger

09-03-2014Obituaries
Dorothy (Godin) Ellis

09-03-2014Obituaries
Louise Ann (Beno) Echols

09-03-2014Obituaries
Margaret Katherine (Langer) Christensen

09-03-2014Obituaries
Helen M. (Horn) Bogsted

09-03-2014Obituaries
Anne Bereza

09-03-2014Obituaries
Peggy Barrows

09-03-2014Obituaries
Warner Bachar

09-03-2014Obituaries
Phyllis M. Anderson

09-03-2014Obituaries
Marion D. Wagner

09-03-2014Obituaries
Joyce C. Shepro

09-03-2014Obituaries
Virgina Mary (Berger) Schetter

09-03-2014Obituaries
Gregory A. Sachs

09-03-2014Obituaries
Robert H. Pecotte

09-03-2014Obituaries
Philip H. Nelmark

09-03-2014Obituaries
William G. “Bill” Larson

09-03-2014Obituaries
Patricia Ann (Martini) Heck

09-03-2014Obituaries
Marietta Jean Florance

09-03-2014Obituaries
Stephen M. Feigerle

09-03-2014Community - Wausaukee
Seek Crafters, Vendors for Wausaukee Festiva

09-03-2014News
Breakfast With Veterans Sept. 11

09-03-2014News
Basic Pistol Course at Squad Building

09-03-2014News
Gillett Church Polka Mass, Fall Fest


space
Peshtigo Times
WEB Poll!
Should America do more to stop the spread of ISIS?
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
© 2000-2014
All right reserved
space
Powered by
WEB Media
Interactive
COMMUNITY
WEB sites