Trempealeau County board approves sale of $4.4 million promissory notes to fund 2026 capital projects
March 16, 2026 | Trempealeau County, Wisconsin
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Trempealeau County supervisors approved a resolution authorizing the sale of up to $4,400,000 in general obligation promissory notes to fund capital projects for 2026. The board read the resolution in title and then voted to adopt it following a presentation by outside financial advisor Ryan Riley.
Riley told the board six bidders participated and the winning bid, from BOK Financial, produced an effective interest rate of about 3.7% after adjustments; the worst bid in the competitive sale priced near 3.92%. He said the sale generated roughly $70,000 more in proceeds than prior estimates and described the county's long-term fiscal position as stable. "We got some relatively low interest financing for your important capital projects," Riley said, adding the county's long-term rating was affirmed at AA-.
The board asked questions about how the county's rating compares with other Wisconsin counties and about the influence of levy limits and tax base size. Riley reiterated that levy limits are an institutional constraint for many Wisconsin jurisdictions and that the county's debt profile and fiscal strategy motivated the rating.
After discussion, Supervisor Lyons moved to adopt the resolution and Supervisor Walton seconded. The clerk conducted a roll-call vote and the resolution carried as read. The resolution was an eight-page document read in title only at the meeting; the winning bid and rate were described during Riley's on-the-record presentation.
The sale will fund the county's 2026 capital program as described in the handout and the county administrator and finance staff will complete the subsequent closing and documentation steps.
Riley told the board six bidders participated and the winning bid, from BOK Financial, produced an effective interest rate of about 3.7% after adjustments; the worst bid in the competitive sale priced near 3.92%. He said the sale generated roughly $70,000 more in proceeds than prior estimates and described the county's long-term fiscal position as stable. "We got some relatively low interest financing for your important capital projects," Riley said, adding the county's long-term rating was affirmed at AA-.
The board asked questions about how the county's rating compares with other Wisconsin counties and about the influence of levy limits and tax base size. Riley reiterated that levy limits are an institutional constraint for many Wisconsin jurisdictions and that the county's debt profile and fiscal strategy motivated the rating.
After discussion, Supervisor Lyons moved to adopt the resolution and Supervisor Walton seconded. The clerk conducted a roll-call vote and the resolution carried as read. The resolution was an eight-page document read in title only at the meeting; the winning bid and rate were described during Riley's on-the-record presentation.
The sale will fund the county's 2026 capital program as described in the handout and the county administrator and finance staff will complete the subsequent closing and documentation steps.
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