This post at Brown County Matters.

Brown County Council – Meeting:  Aug “19”, 2024, 6:30 p.m. (Date in paper is wrong).

Purpose: Approve borrowing for capital improvements. Projects include replacing air conditioning units at the jail, building a new prosecutor’s office, and repairing work on the courthouse.

General Obligation Bond: Amount not to exceed 4 million and a maturity date no later than Jan 15, 2030.

Goal:  The County routinely borrows money to fund capital improvements.  The last bond was for 3 million, at 3 years at an interest rate of less than 1%.  Property taxes are raised to pay the bond. The goal is to keep the tax rate close to the same so that taxpayers do not notice an increase. The term used is “tax neutral.”