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Middleton committee advances seed funding for two new TIFs, approves 2025 fund balance assignments
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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 recommendation and approved it by voice vote.
Committee members pressed staff for clarifications about numbering and sequencing after a question whether a District 6 existed; staff explained District 6 had been part of a prior process and the new districts were proposed as 7 and 8. The committee also approved Work Order No. 1 with Van DuBois & Associates to perform the TID creation work, not to exceed $40,000, with staff noting coordination among planning, finance, the common council and the Middleton Joint Review Board on boundary work.
On budget items, the committee considered resolution 2026-12 to assign the city's 2025 general fund surplus of $1,611,883 and asked staff about apparent memo/header date inconsistencies. A member asked whether the fund balance policy had been reviewed since 2017; staff said the policy had been reviewed and adjusted within the last year and that a memo header discrepancy in the packet would be corrected. The same discussion covered whether a $15,000 traffic impact analysis proposal could be funded from carryover; staff said it could come from either the general fund or capital projects fund and that some flexibility exists subject to public works recommendation.
The committee also approved resolution 2026-13, amending the 2026 budget to carry over $504,051 of 2025 funds. Each motion was recommended to the common council by voice vote.
The committee paused after completing its budget work to move on to other agenda items, concluding that staff would follow up to correct the packet headers and confirm details cited in the memo.
Next procedural step: the committee's recommendations will be transmitted to the common council for final action.
