Bond trustee flags Bug Tussel non-payment as Marathon County prepares to cover $347,000

By Shereen Siewert | Wausau Pilot & Review WAUSAU — A bond trustee has notified Marathon County of non-payment by Bug Tussel, and the county expects to cover about $347,000 of the broadband company’s debt by April 8. The county’s Executive Committee was scheduled to meet privately Wednesday to discuss strategy in response to “notices received from bond trustee regarding Bug Tussel non-payment,” according to the committee’s amended agenda. A day earlier, County Administrator Lance Leonhard told the County Board the Green Bay-based internet provider is unlikely to keep up with payments on both the 2021 bonds the county guaranteed and the $8 million the county lent the company in 2024. “They are unlikely to be able to service their obligations under both the conduit issuance and the straight loan,” Leonhard said. The $347,000 is the 2026 shortfall Marathon County will have to fill on Bug Tussel’s behalf under the county’s guarantee, Leonhard said, with payment due April 8.

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