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John Leiber: “We charge interest on [the loans], we make income on that…”

Featuring: John Leiber, Republican | Wisconsin Treasurer

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Leiber warns Sanborn could be canary in the coal mine on tribal member property tax issue

Published | Video Starts at 02:19

And the BCPL gives out loans to municipalities, school districts, counties around the state to help cover unexpected expenses or capital improvements or a fire truck, things of that nature. And because We charge interest on [the loans], we make income on that. So we are able to distribute money to schools from that. So we want to make sure we're giving out loans that make sense both to our to the board and to the municipality so that they can pay it back … (02:19–02:27)

CLAIM

Asserts that BCPL earns income from loan interest, which is then distributed to schools.

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