Recurring Updated

capital borrowing policy

Sets borrowing limits, debt safeguards, and property-value-based capital planning.

Illustration for capital borrowing policy
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What to Watch

The committee agenda does not identify the proposed projects, costs, or total borrowing amount for the 2027 plan.

Coming Up

The Story

Two Rivers adopted a 60% debt target and a rule tying annual borrowing to property-value growth in November 2025. The Personnel and Finance Committee is now scheduled to receive the proposed 2027 borrowing plan for city projects.

Key Decisions

  1. passed 8-1 City Council · Nov 3, 2025

    25-220 Resolution Reaffirming the City's Commitment to Financial Sustainability and Responsible Debt Management

    Motion to waive reading and adopt a Resolution Reaffirming the City's Commitment to Financial Sustainability and Responsible Debt Management.

    Mark Bittner Yes
    Doug Brandt Yes
    Shannon Derby Yes
    Bill LeClair Yes
    Darla LeClair Yes
    Tim Petri Yes
    Bonnie Shimulunas No
    Scott Stechmesser Yes
    Adam Wachowski Yes
  2. passed 6-3 City Council · Nov 3, 2025

    25-221 Ordinance to Create Chapters 2-7-16 of the Municipal Code Establishing a Policy for Responsible Capital Borrowing

    Motion to waive reading and adopt an Ordinance to Create Chapters 2-7-16 of the Municipal Code Establishing a Policy for Responsible Capital Borrowing.

    Mark Bittner Yes
    Doug Brandt Yes
    Shannon Derby Yes
    Bill LeClair Yes
    Darla LeClair Yes
    Tim Petri No
    Bonnie Shimulunas No
    Scott Stechmesser Yes
    Adam Wachowski No

Record

  1. The City Manager reintroduced a 2007 commitment to keep city borrowing more conservative than the state legal debt limit; the work session recorded no vote.

    City Council Work Session

  2. The City Manager introduced a proposed ordinance that would tie annual capital borrowing plans to changes in equalized property value; the work session recorded no vote.

    City Council Work Session

  3. City Council adopted a resolution restating its intent to keep general-obligation debt at or below 60% of the state limit, 8-1.

    City Council

  4. City Council adopted a capital borrowing policy tying annual borrowing levels to changes in equalized property value and requiring reporting and safeguards, 6-3.

    City Council

  5. The Personnel and Finance Committee is scheduled to receive the proposed 2027 general-obligation borrowing plan for capital projects. The agenda does not list projects, costs, or the proposed borrowing amount.

    Personnel and Finance Committee
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