Waunakee Joint Review Board reviews annual TID PE-300 reports; board acknowledges filings and appoints public member

The Waunakee Joint Review Board met Sept. 19 to review its annual PE-300 reports for multiple tax incremental districts and to discuss projected closures, fund balances and outstanding incentives.

Todd Tibbs, who presented the overview of the PE-300 submissions, said TID No. 3 had closed after May 15 and reported a final incremental value “just over $67,000,000,” a year-end fund balance of about $691,000 and a reimbursement of $1,000,001.89 tied to prior draws on a letter of credit; he noted a small residual of approximately $5.70 would be transferred to the village’s affordable housing fund after closeout. Tibbs also said the closeout audit was underway.

The board heard separate updates for other districts. Staff said the senior-center district (TID 4) showed about a $3.6 million year-over-year increase in equalized value and a roughly $93,000 fund balance at the end of the last audit…