Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Wausau committee votes to extend TID 7 for one year to support affordable housing
Summary
After debate about alternative funding sources, the committee voted to keep Tax Increment District 7 open for one year with an affordable-housing designation. Staff said the extension would leave roughly $1.9 million for housing and could permit a one-time transfer of $355,158 to operations if approved by council.
WAUSAU, Wis. — The Wausau Economic Development Committee voted Dec. 2 to extend Tax Increment District (TID) 7 for one year and designate it for affordable housing, sending the recommendation on to the Finance Committee and Common Council.
City economic development staff described three options for the soon-to-close TID 7: close the district (which would return some operating funds to the city), close with a defined allocation for affordable housing, or extend the TID for one year with at least 75% of…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
