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City presents Tax Increment District review: eight active TIDs, TID increment above 12% statutory test
Summary
City staff presented an annual review of Oak Creek’s Tax Increment Districts (TIDs). As of Jan. 1, 2025 the city’s active TID increment exceeded the state’s 12% test (13.24%), limiting ability to create new TIDs until several current districts close or increment changes; staff outlined status, fund balances and outstanding debt across districts.
Oak Creek staff presented the city’s annual Tax Increment District (TID) review to the Common Council on Aug. 19, summarizing values, fund balances, outstanding debt and the city’s capacity under the state 12% equalized-value test.
Overall picture: The city currently has eight active TIDs and ten closed TIDs. Staff reported total increment across the open districts of about $845 million as of Jan. 1, 2025, which represented 13.24% of the city’s equalized assessed value and exceeded the state’s 12% threshold that constrains the ability to create new TIDs. Staff noted the city’s TID increment figure has fallen from…
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