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Common Council approves 2026 budgets for multiple TIDs
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) ~…
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