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Ashwaubenon board transfers $971,507.49 from closed TID 4 to capital equipment fund
Summary
Following closure of Tax Increment District 4, the board approved transferring the village’s share—$971,507.49—to a capital projects/equipment replacement fund to help pay for large vehicles and equipment already authorized for delivery.
The Village Board approved transferring $971,507.49—the village share remaining after statutory payouts from closed TID 4—into a capital projects fund earmarked for large vehicle and equipment purchases.
Greg Wenholz explained that TID 4 closed after audit and Department of Revenue filings and that, after distributing statutory percentages to other taxing jurisdictions, the village retained $971,507.49. Staff recommended directing that money to a capital equipment/capital projects fund to cover obligations such as dump trucks, garbage trucks and other heavy equipment that are scheduled for delivery in 2027–2028.
Trustees debated priorities, with some members urging that roads remain a high priority; staff noted anticipated separate recommendations to direct 2025 general fund surplus toward street reconstruction. After discussion, a trustee moved and the board approved the transfer to the capital equipment/capital projects fund.
