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Finance committee extends TID 7 for one year, reviews TID 6 closeout

Wausau Finance Committee · December 10, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Wausau's finance committee voted to extend Tax Increment District No. 7 for one year under option 3 to capture an affordable‑housing increment and reviewed the formal closeout accounting for TID No. 6, which generated roughly $1.4 million to distribute among taxing jurisdictions.

The Wausau Finance Committee on Dec. 9 voted to extend Tax Increment District (TID) No. 7 for one year to capture an affordable‑housing increment and to use the resulting funds in the 2027 budget under staff's option 3.

Finance staff explained option 3 would leave the TID open one additional year, yielding a $355,000 increment available for the 2027 general fund…

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