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County to Exceed Borrowing Limit

by
Supervisor Devin LeMahieu
Supervisor Devin LeMahieu

SHEBOYGAN, WI (WHBL) - Sheboygan County will be exceeding its self-imposed borrowing limit next year due to numerous capital projects and the current low interest rates.  The County Board Tuesday night voted to exceed the 4-million dollar annual limit, and next month is expected to approve borrowing 14.5-million dollars.  Supervisor Devin LeMahieu, who is on the Finance Committee, said it will be a one-time exception.  He said they decided to borrow the money now primarily because of the need to replace the county's radio system at a cost of 7.5-million dollars.  In addition to a new emergency radio system, the bonding will cover various construction and road projects, including the relocation of County LS.

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