Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Votes at a glance: Finance committee approves airport and general obligation bond parameters, deferred‑comp contract and inmate‑calling amendment
Summary
At its March 13 meeting the Milwaukee County Committee on Finance approved two bond parameter resolutions, a deferred compensation record‑keeping contract and a three‑year amendment for inmate calling services. The committee also heard extended discussion of inmate calling rates and free calling minutes before approving the amendment 4–3.
The Milwaukee County Committee on Finance on March 13 approved a set of financing and contract measures and recorded the following outcomes.
Airport revenue bonds (Item 1)
The committee approved a parameters resolution authorizing issuance of airport revenue bonds for General Mitchell (Milwaukee Mitchell International Airport) with a not‑to‑exceed amount of $17,765,000. The Office of the Comptroller presented proposed components: roughly $15.7 million for project costs, about $355,000 for cost of issuance and underwriter discounts, a $470,000 project contingency, and a $1.2 million contribution to an airport debt service reserve. Parameters included a maximum true interest cost of 7%, final maturity no later than February 1, 2045, and a minimum purchase price of 99% of the par amount. Supervisor Balinski moved adoption; the motion carried unanimously in committee (7–0).
General obligation corporate purpose bonds (Item 2)
The committee approved a parameters resolution to issue general obligation corporate purpose bonds or…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
