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