As the City of Wisconsin Dells Departments craft their 2020 budget the massive debt becomes extremely obvious. This hangs over the property owners who recognize that despite charging a lodging tax and premier resort tax at the higher end - the revenue being contributed continues to drop.
The City of Wisconsin Dells has absolutely no money in risk reserve to apply toward annual budget overages. Visitor dollar profits have significantly dropped - meaning less and less lodging and resort tax is being collected by business operators. This means lower contributions toward City of Wisconsin Dells public service departments.
This causes emotions to run high throughout the Wisconsin Dells area during the annual budget process. The massive debt and consistent down swing in lodging and resort tax contributions in the Wisconsin Dells area is requiring City department budgets to assign additional duties to existing staff rather than hiring adequate employees to cover the labor.
The high emotions can quickly jump to anger which results in the City of Wisconsin Dells assigning a blame for their lack of risk reserve money on to some temporarily chosen cause - this helps soften the angry emotions but does little for the need for more public money.
Friday, October 18, 2019
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment