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Madison City RDC approves 2026 TIF spending plan after tax-impact briefing
Summary
The Madison City Redevelopment Commission approved Resolution 2025-5R adopting the 2026 TIF spending plan after staff presented a state-required tax impact report that showed about $2.5 million in 2025 TIF collections and roughly $86 million in incremental assessed value across all TIF areas. The plan funds parks, housing support, an amphitheater,,
The Madison City Redevelopment Commission on Nov. 12 approved Resolution 2025-5R, adopting its 2026 spending plan after a state-required presentation on the tax-increment financing (TIF) impact and a review of monthly financials.
Staff member Cole, the commission—s TIF presenter, told commissioners the city—s consolidated TIF plan shows roughly $86 million in incremental assessed value across the commission—s allocation areas and that 2025 TIF collections were a little over $2.5 million. Cole said the team had "trued up" several 2025 expenditures and moved some spending into 2026 to reflect project timing, producing a projected consolidated year-end position nearer $7.3 million.
Cole explained how the state—s circuit breaker levy caps and rate-driven funds affect overlapping taxing units. He presented a hypothetical "without-TIF" revenue number of about $808,000 for overlapping units and noted that circuit-breaker mechanics reduce the apparent…
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