Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Muskego reviews $5 million borrowing plan to accelerate road repairs; officials say tax impact modest
Summary
City financial advisor outlined a plan to borrow $5 million (placeholder) to fund road repairs, projecting a roughly $230,000 first-year debt service and an estimated five-cent increase per $1,000 of assessed value; council signaled support and staff outlined a spring bidding schedule.
Muskego City officials on Jan. 27 discussed a proposed capital-improvement financing plan that would borrow $5 million to accelerate the city’s road-repair program. Kevin Mullen of Baird, the city's financial adviser, described the plan as a placeholder to fund current and future capital projects while spreading costs over time.
Mullen said a 15-year borrowing at a conservative estimated rate of 3.83% would produce a first-year debt-service payment of roughly $230,000, with a hypothetical offset from a bid premium and…
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
