Finance Committee Meeting - October 13, 2026

The City of Stevens Point Finance Committee met on October 13, 2026. Members reviewed a non-action presentation on property taxes, operating costs, and capital spending. Staff cited wage and benefit costs, infrastructure inflation, road investment, and borrowing for major projects such as City Hall and Business 51 as factors affecting the levy and debt service. The committee also discussed a proposed $200,000 allocation for McDill Dam repairs versus shifting that funding to road maintenance; after public comment and discussion of shared responsibility among the city, lake district, and neighboring jurisdictions, the committee approved the capital budget as presented. The budget included an increase in the city clerk’s election-cart request from $5,000 to $11,500.

The committee approved a final resolution for tax-exempt revenue bond financing for Firecrest Aerospace, Inc., a planned local manufacturer; the financing is intended to provide more favorable terms to the company. A motion and second were made to approve funding for an asphalt paver, but the item was withdrawn at the comptroller-treasurer’s request and no vote was taken. Claims paid were approved, with no specific amounts highlighted. No vendor award or contract amount was stated.