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Madison Redevelopment Commission adopts resolution to capture incremental assessed value for TIF reporting
Summary
The Madison Redevelopment Commission on May adopted Resolution 2025-3R, formally determining the need to capture incremental assessed valuation for its tax-increment financing allocation areas and completing its required June TIF reporting steps.
The Madison Redevelopment Commission on May adopted Resolution 2025-3R, formally determining a need to capture incremental assessed valuation for its tax-increment financing allocation areas and completing the Commission’s June reporting steps.
The action, approved by motion and a voice vote during the meeting, directs staff to sign the resolution and the accompanying letters and exhibits required for the annual June 15 TIF reporting process and to submit the packet to Gateway, the state submission portal. The packet includes the resolution, an exhibit for each allocation area showing the percentage tests to support…
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