Baird presents Neenah tax-increment report showing outsized growth in several TIDs; council asks for more review time

Brad Vigoot of Baird gave the City of Neenah Common Council a high-level review of the city's biennial tax incremental district (TID) report at the Jan. 15 meeting, summarizing cash-flow analyses, recent closures and projections for seven currently active TIDs.

Vigoot said the report, the fifth produced for the city, is meant as an up-to-date summary for elected officials and the public and is published about every two years. "It's about every 2 years, there's a new report," he said.

The nut of the presentation: two TIDs have closed since the last report (TID 5 and TID 6), several districts have produced more incremental value than projected, and newer TIDs show forward-looking borrowing and construction assumptions that could change the timing of closures. Highlights cited by Vigoot included:

- TID 5 (downtown business district) closed in 2023. The project plan had forecast about $9.3 million in increment; actual incremental revenue was just under $16 million. - TID 6 (South Park Industrial Center) closed in 2023 and produced about $28.7 million in new tax growth from inception through…