Beaver Dam Officials Adopt 2022 Borrowing Plan

(Beaver Dam) The city of Beaver Dam adopted their capital budget and borrowing plan for next year at Monday night’s council meeting. The city has $6.6-million dollars in projects outlined in the 2022 Capital Improvements Plan. The CIP will be paid for with $4-million in borrowing along with a combination of grants and Tax Increment Finance District revenues.  

Alderman Ken Anderson cast the only dissenting vote. He noted that the city is set to receive partial grant funding for a $1.4-million dollar splash pad to replace the pool at Swan Park. A motion by Anderson to reduce the amount of borrowing for the splash pad from $700-thousand dollars to $200-thousand failed for lack of second.  

The Parks Department is getting $1.1-million in total, which also includes $100-thousand dollars to restore the lagoon walls at Swan Park. The pavilion at Tahoe Park, the playground equipment at Lakeview Park and Phase Two of Rotary Park will each receive $50-thousand.  

The bulk of next year’s CIP, over $4.5-million dollars, is for street projects. That includes $1.9-million dollars for the reconstruction of East Davis Street between Spring and University. Another $390-thousand dollars is being directed to complete the delayed reconstruction of South Spring Street from Mill Street north to Park Avenue, which already saw $1.18-million dollars borrowed with this year’s CIP. There is $590-thousand dollars identified for Walnut Street from McKinley to the cul-de-sac. Other street projects include the $450-thousand dollar reconstruction of Haskell Street; the $750-thousand dollar repair of Third Street; and $180-thousand for general street repairs.  

The Department of Public Works gets $340-thousand dollars for trucks and related equipment. The Fire Department is allotted $275-thosuand to replace an ambulance. The Police Department is getting for $264-thousand dollars to complete their outdoor shooting range and bolster their radio communications.  

Beaver Dam has up to $71-million dollars in debt capacity under state statute. With last night’s approval of next year’s borrowing plan, the city will be at 42.6-percent capacity or $30.5-million in debt, which is $5000 less than the outstanding balance for the current year.