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Worth County approves transfer of certified TIF debt back to Highway 105 fund
Summary
Worth County members approved a resolution to move a certified debt out of the tax increment financing (TIF) account and return it to the Highway 105 fund; the vote was taken by roll call with Smeade and Loberg recorded as 'Aye.'
Worth County members approved a resolution to transfer a certified debt from the tax increment financing account back into the Highway 105 fund.
Unidentified Speaker 2, explaining the item, said the county had performed an interfund loan at the end of the year to ensure project funding and later certified the debt: "I've certified the debt, so I'm gonna take it back out of the TIF and put it back in Highway 105." Speaker 3 moved to approve "resolution fund transfer 2026-05," the motion was seconded and approved by roll call.
The roll call recorded Smeade and Loberg as voting "Aye." Participants also briefly discussed the remaining Highway 105 balance; one speaker estimated about $1.3 million while another suggested it might be closer to $1.2 million. No additional details or supplementary appropriations were specified during the meeting.
The resolution transferred the certified TIF debt back into the Highway 105 fund; no implementation timeline or further conditions were stated at the meeting.
