Milwaukees Rail Bond Debate Divides City Council
The Milwaukee City Council debated bonds for railroad projects and river valley lines. Officials argued past ordinances overstepped debt limits, with a focus on legality of issuing up to 1,500,000 for railroad ventures and the citys credit commitments.
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Obuitolag
Milwaukee Loss of City Credit and Public Loans Debate
Milwaukee City faces heated dispute over using credit to back railroad loans. Officials dread overextension, warn against damaging bond-holders, and call for limiting new bonds to protect city finances while weighing road projects and potential impacts on local credit.
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