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selfimposed municipal debt cap

Voluntary cap on city debt helps keep budgets healthy.

What to Watch
Watch for a drafted resolution to return with a specific borrowing limit and any exceptions spelled out.
Coming Up

Typically discussed at City Council Work Session. Check back when the next agenda is published.

The Story

At an Oct. 27 work session, the City Manager brought back a 2007 commitment to keep Two Rivers’ borrowing more conservative than what state law allows. Council discussed the idea of reaffirming that approach with a resolution, but nothing was voted on that night.

Record

  1. The City Manager reintroduced the Council to a 2007 commitment to keep the City’s borrowing more conservative than Wisconsin’s legal debt limit.

    City Council Work Session

  2. Council held a discussion on a possible resolution reaffirming that self-imposed borrowing cap approach; no vote or formal action was recorded.

    City Council Work Session
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