This week, the County Administrator released info that answers exactly that question. It turns out that, if we do not do any new borrowing, our County will pay off all of its current debt by 2028. Even better, the portion of our debt that is paid by the tax levy will be paid off by 2019 (next year).
"Following the County's dedication to fiscal responsibility, the County will be completely debt free by 2028, with levy-supported (2009 Notes) debt paid off by 2019! The County's debt per capita is also the lowest of all surrounding counties!" Joshua Schoemann, Washington County Administrator.
As our County Administrator mentioned, we now have the lowest debt ratio of any surrounding County, meaning that on a per resident basis, we owe less than Ozaukee County, Waukesha County, Dodge County, Milwaukee County, Sheboygan County, or Fond Du Lac County.
This is an outgrowth of a continued effort to be fiscally responsible.
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