By Tim Kowols
While local governments are making sure their budgets are done for the new year, the town of Liberty Grove has found they have to go against conventional wisdom to make theirs more beneficial. According to Town Chairperson John Lowry, local governments are almost forced to borrow at least a little money, whether they need to or not. That is because by paying interest on bonds taken out by the local governments, it keeps levy limits and the services that revenue funds stable. Lowry says it is a balancing act.
The town of Liberty Grove has set aside money for several capital projects, including improvements to the Ellison Bay Marina with initial work beginning later this fall. Lowry says the budget committee will meet again before hosting an informational meeting for residents to discuss the budget items, including the possible tax levy override.