Summary

Finance Committee — March 24, 2026: Approves airport leases and budget carryover; postpones opioid settlement participation and lead service line funding decision

WausauMar 24, 20262 min read

At a glance

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The Wausau Finance Committee approved multiple airport lease actions and a 2025→2026 budget carryover, approved transfers of GEMT revenues to cover several fund shortfalls, postponed decisions on participating in a national opioid settlement and on funding the Water Works lead service line replacement, and moved to closed session to negotiate several property purchases.

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Finance Committee

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TransportationBudget & TaxHealthcareEnvironmentalUtilities

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Key decisions

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Approved March 10, 2026 Regular Finance Committee minutes (Motion Passed 4-0).
Motion to approve alleged claim for recovery of unlawful tax for Green Acres at Greenwood Hills, LLC - Outlot 1 failed (Motion Failed 0-4).
Approved consent to transfer title and waiver of first right of refusal for buildings and improvements at 939 Woods Place (Motion Passed 5-0).
Approved termination of Airport Ground Lease with Wynn O. Jones at 939 Woods Place (Motion Passed 5-0).
Approved Airport Ground Lease with Owen Jones at 939 Woods Place (Motion Passed 5-0).
Approved Airport Ground Lease with Cole Lundberg (Motion Passed 5-0).
Postponed consideration of participating in the Six Remnant Defendants National Opioid Settlement Agreement to the next scheduled meeting (Motion Passed 5-0).
Postponed consideration of the budget amendment for Wausau Water Works 2025 Lead Service Line Replacement project to the next meeting (Motion Passed 5-0).
Approved budget amendment for the carryover of funds from 2025 to 2026 (Motion Passed 5-0).
Approved transfer of GEMT revenues to the motor pool fund, recycling fund, airport fund, and parking fund to cover shortfalls (Motion Passed 4-0).
Approved the calendar/schedule related to the 2026 General Obligation Promissory Note for Capital Improvements (Motion Passed 4-0).
Postponed consideration of purchasing 108 Adolph Street, 112 Adolph Street, 112-1/2 Adolph Street, and 233 Myron Street until the next meeting (Motion Passed 4-0).
Adjourned to Closed Session pursuant to Wisconsin State Statute § 19.85(1)(e) for deliberating/negotiating purchase of the properties listed for the Department of Public Works Streets Division.

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