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3/6/2018 5:28:00 PM
Wells County Commissioners approve cumulative bridge fund

Devan Filchak, News-Banner

During a public hearing after their regular meeting Monday morning, the Wells County Commissioners established a cumulative bridge fund.

Despite advertising the public meeting ahead of time, only two people sat in the audience for public comment.

Wells County Engineer Nate Rumschlag said establishing a cumulative bridge fund would help in many ways, including by creating a savings account and creating a revenue stream that will allow more flexibility for other capital projects and allow local matches for federal aid projects.

Rumschlag said in about five years, the account could accumulate a balance of a $1 million with any of the tax rates presented, all of which were below $.03 per $100 of assessed valuation.

“All of those are good things,” he said. “It won’t change the status quo immediately, but we are taking a step in the right direction.”

The commissioners settled on a rate of $0.025.

Both of the people in the audience said they think establishing a cumulative bridge fund is long overdue.

Wells County has traditionally underfunded its infrastructure needs over years and years and years,” said Bill Morris, who participated in the discussion as a citizen but was there on behalf of Wells County Voice. “You basically have a county infrastructure that was designed for the 1940s and 1950s.”

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Editor, John C. DePrez Jr.; Executive Editor, Carol Rogers; Publishers: IBRC and IAR

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