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Middleton committee advances seed funding for two new TIFs, approves 2025 fund balance assignments
Summary
The Middleton Finance & Personnel Committee recommended advancing $100,000 to support creation of two new tax incremental finance districts and approved assignments of the 2025 general fund surplus for 2026 carryovers after questions about memo dates and fund balance policy review.
The Middleton Finance & Personnel Committee on Wednesday recommended advancing $100,000 from Tax Incremental Finance (TIF) District 5 to fund professional services for the creation of two new TIFs and approved assignments of the 2025 general fund surplus for 2026 projects.
Chair opened the meeting and introduced resolution 2026-08, saying, "This resolution authorizes the advance of a 100,000 from the, tax incremental finance district 5 to fund professional services for the creation of 2 new districts." Committee members then moved and seconded the…
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