Treasurer seeks fourth term |

Treasurer seeks fourth term

Susan Wood, Tahoe Daily Tribune

Banking on his experience, South Lake Tahoe City Treasurer Steve Wysong, 52, plans to seek re-election.

A South Shore resident for 25 years, he has served three terms as the city’s top financial officer. The certified public accountant has a practice in town with 200 clients.

“I was contemplating to not run this time. But with a new city manager coming on board, I decided to (do so),” Wysong said. “I think continuity is important.”

The city faces a $2 million budget shortfall.

“It takes a while to learn what the city revenue sources are,” he said. “My experience is very important.”

Wysong has attended training workshops through the California Municipal Treasurers Association. He uses the training to hone his skills and learn the ins and outs of government finance.

Wysong said he wants “to stay abreast of what’s happening.”

For example, he’s learned the city’s hurdles may be exacerbated by the state’s estimated $23.6 billion shortfall. Reports have indicated an estimated $1 billion may be taken from local governments.

“I’m very concerned about state takeaways in light of their budget problems,” Wysong said.

Wysong said that’s why Measure Z, which seeks to boost revenue by $1.3 million through increased transient occupancy tax, needs to pass.

“I’m just not in favor of raising taxes, and I don’t know anybody who’s crazy about the ballot measure, but it’s needed,” he said.

Support Local Journalism

Support Local Journalism

Readers around the Lake Tahoe Basin and beyond make the Tahoe Tribune's work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.

Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.

Your donation will help us continue to cover COVID-19 and our other vital local news.

For tax deductible donations, click here.

Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.

User Legend: iconModerator iconTrusted User