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In Your Words: Council should seek outside financial advice

in Wisconsin news

Dear Editor:

66.9  million dollars sounds like a lot of money.

Has anyone with a professional financial or accounting background, who is not a city employee, and who does not have a vested interest in the outcome of the City of Wausau’s decision about the two proposed TIF districts, analyzed the city’s overall financial status?

Is the proposed increased total debt load appropriate for a city the size of Wausau with its current tax base? What are the risks involved in taking on another 67 million dollars in debt? What is the worst thing that could happen under this proposal?

Such an analysis would make the decision easier for the Council Members and perhaps make them more comfortable with the outcome. It would have the same effect on the rest of us.

John Hattenhauer, Wausau


Editor’s note: Wausau Pilot & Review welcomes your letters about issues affecting people in the Wausau area. Email editor@wausaupilotandreview.com or send letters to: P.O. Box 532, Wausau, WI 54402-0532.

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