Common Council approves 2026 budgets for multiple TIDs
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Summary
Council approved 2026 revenue and expense budgets for multiple Tax Increment Financing districts (TIDs 3–16), with staff outlining expected revenues/expenses and shared increment arrangements; TIDs 17 and 18 will begin potential increment activity in 2027 and will be budgeted next December.
City finance staff presented estimated 2026 revenues and expenses for the city’s Tax Increment Financing districts and the Common Council approved the budgets on Dec. 1.
The presentation summarized each TID’s anticipated revenue and expense for 2026 with figures presented for numerous districts: TID 3 (airport area) ~ $751,000; TID 4 (Walmart area) ~ $1.6 million; TID 5 (Depot area) ~ $1.0 million plus a $712,000 shared increment from TID 4; TID 6 (Paradise area) ~ $1.0 million and a $965,000 shared increment to TID 9; TID 7 (industrial) nearly $500,000 and in the process of closing; TID 9 (museum area) ~ $1.9 million; TID 10 (cast iron/north of Washington St.) ~ $1.1 million; TID 11 (industrial west off South River) just over $500,000; TID 12 (Gell area) ~$1.8 million; TID 13 industrial ~$137,000; West Bend Manufacturing Center (TID 14) ~$657,000; TID 15 a little over $1.0 million; TID 16 (Sand Drive) ~$606,000. Finance staff noted TIDs 17 and 18 have not yet generated increments and are expected to show activity beginning in 2027, with budgets to be presented next December.
Council moved, seconded and approved the TID budgets by voice vote; staff noted remaining balances and obligations to the sewer and general funds for some districts and that TID 7 is being closed this year.