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Joint Review Board approves resolution allowing expenditures from TIF 16 to support COVID-19 emergency loan program
Summary
The Joint Review Board for Oshkosh City approved a resolution permitting certain expenditures to be made within a half-mile radius of Tax Increment District No. 16, enabling use of available TIF cash to help fund a COVID-19 emergency revolving loan program.
The Joint Review Board for Oshkosh City approved a resolution permitting certain expenditures to be made within a half-mile radius of Tax Increment District No. 16, a downtown TIF, enabling use of available TIF cash to help fund a COVID-19 emergency revolving loan program.
The resolution authorizes the use of existing TIF 16 cash balance in support of loans administered by Greater Oshkosh EDC to help businesses cover payroll, rent and utilities during the governor-declared emergency. Alan, a city staff member, said the program would provide loans at attractive rates but warned, “Now I…
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