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Building Financial Stability Through Transparency Over the last few months, one of City Hall's primary goals has been to continue improving transparency and resident engagement by helping the community better understand the opportunities and financial challenges facing the City of Two Rivers.
Following a financially difficult 2025, I wanted to share some encouraging early financial indicators from the first quarter of 2026.
Through March 31, the City’s General Fund revenues totaled approximately $3.61 million, while expenditures totaled approximately $3.11 million, leaving the City in a positive operating position of roughly $495,655 at the end of the first quarter.
Several areas are showing meaningful improvement compared to this time last year.
- Overall expenditures are tracking slightly below budget pace
- Public safety spending is generally in line with expectations
- Building permit revenues are significantly ahead of projections, reflecting continued investment and development activity throughout the community.
- Investment interest earnings also exceeded normal pacing for Q1.
These results suggest that the City’s ongoing efforts to strengthen financial oversight, manage overtime, improve operational efficiencies, and stabilize revenue sources are beginning to show signs of progress. Compared to the same period in 2025, the City’s operating position improved by approximately $139,000.
At the same time, significant challenges remain that we must continue to rise up to meet as a community. A record-breaking March blizzard created unusually high snow and ice costs early in the year, and the recent severe storm event in May will place additional financial pressure on the General Fund due to cleanup operations, overtime, infrastructure damage, and emergency response efforts.
These extreme weather events in March and May come at a time when local governments across Wisconsin are also facing growing pressures from aging infrastructure, rising inflationary costs for energy, construction materials, equipment, and labor, as well as an increasing number of unfunded mandates and regulatory requirements from state and federal agencies.
Taken together, these challenges reinforce the importance of careful financial planning, operational efficiency, long-term investment strategies, and continued community resilience.
Despite those challenges, I remain optimistic about the direction the City is heading. Moving forward, residents can expect more regular financial updates and continued efforts to improve communication, transparency, and public engagement from City Hall.
Thank you for your continued support of our community.
— Kyle Kordell
City Manager, City of Two Rivers
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