With municipalities throughout the state working to keep their budgets in line for the first quarter of the year, the City of Algoma is retiring some long-term debt.  Algoma was nearly at the maximum allowable borrowing limit just six years ago and City Administrator Jeff Wiswell says they are sitting in a lot better situation today. 

Wiswell adds that the city did borrow some funds early in 2018 when interest rates were really low.  He says Algoma is functioning at a very high level to stay on course with their three-year Capital Improvement Plan to address street construction and needed vehicle purchases.