Sunday, September 22, 2019

Wisconsin Dells Residents Fearful With Excessive City Debt

The City of Wisconsin Dells residents are concerned with the huge debt load.  The City of Wisconsin Dells carries a much higher and separate debt load than the near by Village of Lake Delton.

Economically the Wisconsin Dells area is seeing a collective systematic flow of revenue producing business modals being located upon the interstate near the new convention center.  This is a veering to one side - creating stable sources for premier resort tax and special room tax collections that financially strengthen the budgets of the Village of Lake Delton.

While in the City of Wisconsin Dells the debt is so high - we are circling the drain of receivership.  The debt is expected to be elevated with the cost of placing the structure and providing the services required to operate the new high school out near Rocky Arbor State Park.  In addition the Wisconsin Dells Business Improvement District is working to procure 600 thousand dollars from the City of Wisconsin Dells to block off Elm Street and Broadway and place an outdoor plaza.

Residents are hoping Department of Revenue - Expenditure Restraint Programming- designed to put budget limits on City spending will continue.   The City of Wisconsin Dells is seeing the selling of real estate and moving to avoid this approaching scramble to address the high debt.  Property owners do not have the resources to meet the City of Wisconsin Dells tax burden - when the municipality is forced to take action that enforces higher taxes.


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