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Committee approves budget amendment, staff warns private-side borrowing will rise
Summary
The committee approved a budget amendment to cover WDNR loan shortfalls for the lead service line replacement program and heard an update that private-side general-obligation borrowing will rise (from $1.7M to about $3.3M) while the water utility's revenue bond need shrank.
The Wausau Finance Committee approved a budget amendment April 14 to cover costs for the lead service line replacement project that were not funded by the Wisconsin DNR subsidized loan.
Staff presented updated numbers for the amendment: $283,869 transferred from the general fund to capital projects to cover homeowner portions, with the water utility covering the…
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