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Finance committee approves revised $3.408 million general obligation note and routine budget amendments
Summary
The Wisconsin Rapids Finance Committee approved a revised 2026 general obligation note totaling $3,408,000 to finance street projects, a package of budget carryforward amendments across multiple funds, and the audit of checks numbered 29148'029557; the committee noted an expected $1.3 million drop in outstanding G.O. debt and a reduction in debt-capacity utilization from 25.3% to 23.9%.
The Wisconsin Rapids Finance Committee approved financial actions that included a revised 2026 general obligation (G.O.) note, a multi-fund budget amendment and the audit of bills.
Finance Director Tim Dorsy presented updated numbers after recent concrete and asphalt bids. He said the public works construction portion rose by $131,500 (from $1,115,000 to $1,246,500) while the TIF No. 7 East Jackson Street portion decreased from $2,438,250 to $2,161,500. "So in total the G.O. note issue that is…
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