City staff reviewed proposed 2026 budgets for the city’s tax increment financing districts and the council approved the package by voice vote at the Dec. 1 meeting. Staff described anticipated revenues and expenses for each TID in the packet and gave district‑level examples: TID 3 (near the airport) was presented with anticipated revenue/expense of about $751,000; TID 4 (area near Walmart) about $1,600,000; TID 5 (the Depot area) about $1,000,000; and TID 9 (near the museum) about $1,900,000. Staff also detailed remaining balances and shared increment arrangements among districts.

After approving the TID budgets, the council considered two separate motions to adjourn into closed session under Wisconsin Statute 19.85(1)(e), which allows deliberation or negotiation concerning the purchase of public property or investing of public funds when competitive or bargaining reasons require a closed session. The first closed‑session item was to discuss possible terms for a development agreement in TID 17 for a proposed industrial development east of 18th Avenue and south and east of Corporate Center Drive. The second was to discuss possible terms of a developer agreement in TID 18 for a proposed residential and industrial development east of Main Street and south of Rusco Road, generally west of the Wisconsin and Southern Railroad. The council approved both motions and recorded roll‑call “Aye” votes by attending aldermen before adjourning into closed session.

No final developer terms were disclosed in open session; the council adjourned from closed session that night without further public action on the agreements.