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Finance committee adopts procurement policy changes; resident urges lower thresholds
Summary
The committee approved edits to the city's procurement policy, including raising certain contract thresholds to $10,000 to align with federal guidelines. A resident urged temporarily lowering thresholds to increase oversight amid economic concerns.
The Wausau Finance Committee on March 11 approved changes to the city procurement policy that adjust purchase thresholds and clarify contract-authority language.
Committee members discussed edits that raise a contract threshold and clarify that intergovernmental contracts in excess of $10,000 require approval; the packet notes this increases the previous threshold from $5,000…
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