The following is an op-ed written by Two Rivers City Manager Kyle Kordell.
When people see headlines about new projects, renovations, and community improvements, it’s fair to wonder, is the City of Two Rivers going on a spending spree? The short answer: absolutely not.
Two Rivers continues to maintain a low debt profile and a disciplined repayment schedule that reflects strong financial management. In fact, 98% of the City’s general obligation debt will be paid off within the next 10 years, a major improvement from 85% back in 2016.
Yes, we have challenges, but we are also paying down what we owe faster than most cities our size, while still investing in our community’s future.
Two Rivers also holds itself to higher standards than required by Wisconsin law. The City has set a self-imposed “Debt Max” of using no more than 60% of the statutory debt limit allowed under state law. Right now, we’re sitting comfortably at just 37.8% of that limit, and this figure is projected to drop even further to 32.9% by 2026.
This strong debt position shows that Two Rivers is living within its means, paying down debt quickly, keeping a conservative approach to borrowing, and planning for the long term.
And We’re Not Just Saving Money on Paper…
…we’re finding real savings in how we operate. For the first time in more than a decade, I’m proud to announce the City has transitioned to a new municipal insurance carrier for general liability, workers’ compensation, and property insurance. As of October 2025, our coverage is now provided through the League of Wisconsin Municipalities Mutual Insurance, replacing our legacy carrier.
This change is already paying off for taxpayers. The switch will save approximately $30,000 in 2025 and an estimated $120,000 in 2026, all while improving coverage with lower property deductibles, more flexibility for community events, and fewer burdensome policy requirements. It’s a win-win for both the City and our residents.
As City Manager, I’m proud to say that every major investment, whether it’s upgrading our parks, improving infrastructure we rely on, or enhancing community amenities, is carefully planned and responsibly funded.
Two Rivers isn’t spending wildly. We’re spending wisely, to keep our community strong today and prepared for tomorrow.
