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Hortonville board approves amendments to TID 4 and TID 5 to funnel funds into downtown reconstruction
Summary
The Village Board unanimously approved two resolutions to amend the TID 4 and TID 5 project plans, allowing surplus increment from TID 4 to be donated to TID 5 to fund downtown streetscape, trail and related projects without raising resident tax rates, officials said.
The Village of Hortonville on Monday approved linked amendments to two tax-incremental districts, a move planners said will shift existing increment to pay for downtown reconstruction without increasing property tax rates.
Speaker 3, the village staff presenter, told the board the amendment would allow surplus funds in TID 4 to be shared with TID 5 to fund downtown streetscaping, lighting and a planned trail behind Main Street. "So the plan is to send over what…
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