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City presents performance overview of Tax Increment Districts and timing for upcoming closures
Summary
City staff presented an overview of the city’s Tax Increment Districts (TIDs), including current values, donor districts that offset weaker districts, and a likely near‑term closure for one district.
City staff presented a financial and programmatic overview of West Bend’s Tax Increment Districts (TIDs) during the July 21 council meeting, summarizing current increment values, donor/donee relationships among districts and likely closures.
Staff explained that TID accounting distinguishes the base property value (which continues to be distributed to all taxing jurisdictions) from the increment — the new value captured inside a TID that can be used to pay infrastructure and other qualified expenses. Staff outlined individual district…
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