Two Rivers’ city manager is highlighting a new ordinance requiring responsible capital borrowing.
Kyle Kordell explains to SeehaferNews.com that the ordinance ties annual borrowing to something real and updated every year, the city’s equalized property value.
In layman’s terms, when overall property values go up, the city’s ability to invest can go up.
However, if the economy cools down, the policy automatically holds the city council in check with downward adjustments.
Kordell says after about 18 years of flat property values, Two Rivers is starting to go up again, and investor confidence is returning.
That means interest rates are beginning to come down.
“This is the moment to be ready. Not to overspend, but to be flexible and forward thinking,” Kordell told SeehaferNews.com. “We know growth is coming. This new policy keeps our investments aligned with real-world conditions while maintaining strict discipline.”
