(Juneau) The Dodge County Board this week approved selling $9-million-dollars in bonds to fund road repairs next year. Last month, the county board voted to borrow the money as part of the 2021 budget. The plan is to use that money to upgrade 31.8 miles of roadway next year, with the goal of borrowing the same amount for 2022.
A recent Dodge County Highway Department survey saw around 40-percent of the population in favor of spending the $18-million-dollars for roads, the highest percentage among four options given. The $9-million dollars will be paid back over a ten year period utilizing tax levy dollars. The interest rate will not be known until bids for the borrowing come in but the figure is expected to be around one-percent.
Several county board members voiced their concerns using taxpayer dollars to pay for road repairs. Supervisor David Frohling has noted that current interest rates for borrowing are lower than the rate of inflation, meaning tax payers will be saving money over the long term. He says if the county waits a few years to fix the roads those rates may change and end up costing more. The county board will award sale of the bond at their January meeting.