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Winnebago County narrowly approves up-to-$28 million borrowing after reconsideration
Summary
After extensive questioning and an initial failed vote, the Winnebago County Board approved a resolution authorizing up to $28 million in general obligation promissory notes to reimburse prior projects and fund capital for 2025–26; the final vote passed after reconsideration.
The Winnebago County Board of Supervisors approved a resolution authorizing borrowing not to exceed $28,000,000 in general obligation promissory notes to reimburse 2025 projects and pre-fund portions of 2026 capital projects.
The vote followed prolonged debate over timing, amount and whether to use the county’s ARPA reserves for some projects. The board first took a vote on the motion and the initial tally failed; after a motion to reconsider, the board approved the borrowing by a recorded vote.
What was authorized: According to presentations to the board, the approved not-to-exceed $28,000,000 package is broken into $20,000,000 against the general fund (levy-supported), $5,000,000 for highway department projects and $3,000,000 for solid waste projects. The bond would be issued as general obligation promissory notes with a 10-year repayment schedule and an optional call feature beginning in 2032 (callable 2033); staff and the county’s financial adviser described…
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