Top-Rated Wisconsin County Rushes $68M Sale to Market

Shields, Yvette
June 2003
Bond Buyer;6/26/2003, Vol. 344 Issue 31665, p36
Trade Publication
Triple-A rated Dane County, Wisconsin, will sell $68 million of general obligation bonds on June 26, 2003. The county was set to issue the bonds within the next few months regardless of the property tax limits, and under the bill's language, debt service for bonds approved by municipalities by July 1 will not fall under the cap. Although the resolution was already approved, the county had concerns over how the bill was evolving over the last month since it was first proposed. Those worries prompted the county to act sooner rather than later. In the county's case the bonds will pay for planned projects, but other municipalities are considering borrowing to raise money without a list of projects in hand simply to beat the deadline.


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