Saturday, March 31, 2018

Why Wisconsin Dells Residents Flipping Out Over Massive Debt

- The City of Wisconsin Dells owes more than 30 million dollars.

-- The cost of correcting the City of Wisconsin Dells financial excesses are rising.

- The Federal Reserve has again increased the bench mark interest rate.

- Interest rates are legally binding.

- Elevated interest rates have the effect of raising municipal debt service costs.

- This means the margin for error in the Municipal finances has disappeared.

- Understand that having all of the communities monetary resources pre-committed to a non- negotiable obligation - leaves the City of Wisconsin Dells nothing in risk reserve for unplanned emergencies

Please vote for Louis Kutzke for City of Wisconsin Dells mayor on April 3rd - he employs a fiscally conservative approach to meeting needs - especially when the cost pertains to residents.

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