Senators endorse Middleton tax plan to retain 1800 jobs in Wisconsin

The Wisconsin Assembly Committee on Local Government convened on March 19, 2025, to discuss two significant bills aimed at bolstering local economies through tax incremental financing (TIF) adjustments. The first bill, Assembly Bill 22, seeks to create an exception for the city of Middleton, allowing it to retain a major employer and 1,800 jobs that are at risk of relocating out of state.

Representative Kurtz emphasized the urgency of the situation, noting that the company in question is being actively recruited by other states. The proposed legislation would enable Middleton to exceed the current 12% limit on the total value of taxable property within TIF districts, which is crucial for offering a competitive retention package. Mayor Emily Keune echoed these sentiments, highlighting the potential loss of $8 million in annual tax revenue if the jobs were to leave. The bill aims to provide a targeted solution to retain these jobs and stimulate economic growth in the region.

The second bill, Assembly Bill 137, focuses on the village of DeForest, proposing to extend the lifespan of TID number 9 from 20 to 30 years. This extension is intended to support ongoing economic development and infrastructure improvements, particularly in light of a major retailer, Buc-ee's, planning to establish operations in the area. The bill would also grant a one-time exemption from the 12% limit, facilitating the necessary investments to attract this employer and create over 200 full-time jobs.

Both bills received bipartisan support, with committee members recognizing the importance of these measures for local economies. The discussions underscored the critical role of TIF districts in fostering job creation and economic stability in Wisconsin. As the committee moves forward, the urgency of these legislative actions reflects a proactive approach to safeguarding jobs and enhancing community development across the state.