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County hears two financing options for $50M highway shop; staff to return taxpayer-impact comparisons
Summary
PFM financial adviser presented two approaches to fund a proposed $50 million highway shop: issue $20M in new debt (20-year notes) or redirect existing North Central Healthcare revenues onto levy to cover the gap; the committee asked staff for comparative analyses showing taxpayer impacts under different equalized-value growth scenarios.
County financial adviser Kristen Hansen of PFM and Marathon County staff presented a high-level financing analysis for a proposed $50 million highway shop and asked the Human Resources, Finance and Property Committee for direction on which scenario to explore further.
Two scenarios were described: scenario 1 assumes issuing general-obligation promissory notes to finance a $20 million gap (after $30 million already designated from highway reserves). Hansen illustrated 20-year note structures under assumed interest-rate cases (3%–6%), showing total interest costs ranging roughly from $6.7 million (3%) to more than $14.5 million (6%) and annual debt service…
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