City of Marshfield talks about debt - WAOW - Newsline 9, Wausau News, Weather, Sports

City of Marshfield talks about debt

MARSHFIELD (WAOW) --  Businesses in Marshfield have certainly felt the sting of the economy.  But, while some are struggling, others have found the path to growth.

Keith Strey, Marshfield Finance Director, says the city has seen its ups and down, but is on the right track.

"Our finances were very conservative from a financial management stand point and we've had strong reserves. We're in good shape," Strey explains.

Don King has been selling his fruits and vegetables at farmers markets in Marshfield for years.  But, since the dip in the economy he has seen some changes.

"People are cautious, they are still willing to pay a little more for fresh produce but they are cautious in the money they spend," King says.

The city of Marshfield has seen some businesses struggle.  But overall, their main focus is on balance.  And the key to their success, they don't spend money they don't have.

"It caps how much levy tax we can generate, so it means either we have to go to other funding sources such as debt or fees, which aren't popular," Strey said.

And as for the national crisis, "It won't have a direct significant short term impact. We don't rely heavily on federal dollars directly," Strey said.

But they hope for a decision soon.

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