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Janesville plan commission backs amendment to TID 37 to allow donations to nearby districts
Summary
The Janesville Plan Commission voted unanimously to adopt resolution 2025-02 recommending approval of Amendment No. 1 to the project plan for Tax Incremental District (TID) 37, allowing TID 37 to make capped donations to TID 36 and TID 42; the item will go to Common Council and the joint review board for final decisions.
The Janesville Plan Commission voted unanimously Monday to adopt Plan Commission Resolution 2025-02 and forward Amendment No. 1 to the project plan for Tax Incremental District 37 to the City Council with a favorable recommendation.
The amendment, described by a representative from Ehlers and the city's economic development office as "strictly a financial move," would not change TID 37's boundaries or project costs but would authorize capped donations from TID 37 to other eligible TIDs. Under the amendment, TID 37 could make up to $2,000,000 in donations to TID 36 and up to $6,390,000 to TID 42, both identified as eligible recipient districts under…
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