Treasurer will seek re-election |

Treasurer will seek re-election

Michael Schneider

When open filing for the South Lake Tahoe November election begins today, Stephen D. Wysong will be the first one in line at the city clerk’s office.

Wysong, 48, will attempt to be elected this fall to his third straight term as city treasurer.

According to Wysong, the principle job of the city treasurer is to invest otherwise idle city funds, stressing safety, liquidity and yield.

Wysong, a 21-year basin resident, said a strong local economy is essential to the well-being of the area.

“A healthy economy is the key to a healthy environment,” he said.

He’s also a believer in working with the private business sector to help both public and private interest, a strategy the city will employ with the planned Park Avenue Project.

“It is likely that infrastructure maintenance, replacement and improvements will only be possible though public and private partnerships,” he said. “We are going to have to take care of ourselves in the future; the days of looking to the state or federal government for funds are generally over.”

With the staff reductions due to Destination 2000 as well as possibly three outgoing city council members, Wysong said his experience is necessary for city operations to run smoothly.

“We need to protect our credit rating for bond refinancing due in 2002,” he said, saying he is one of the few remaining city officials to have experience with the bond issue process.

A past president of the Tahoe Youth and Family Services and the Kiwanis Club of Lake Tahoe, Wysong also volunteers his time to youth soccer and the Tahoe Arts Project. He serves on the Business and Professional Fees Task Force, is an Affirmative Action/Americans with Disability Act Commissioner and a member of the California Municipal Treasurers Association.

If re-elected, Wysong pledges to continue what he calls a sound and prudent investment policy.

“Being fiscally conservative isn’t necessary to a treasurer’s success, but being fiscally prudent is,” he said.

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