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Consultants tell Janesville council a $1 billion data center in TID 42 could change levy capacity and property-tax outcomes
Summary
At a Feb. 23 workshop, an Ehlers consultant and city staff outlined how a proposed $1 billion data center captured in TID 42 could produce roughly $4.8 million in new tax revenue, shift tax-rate mechanics and present choices on whether to use growth to reduce debt, invest in capital or hold capacity in reserve.
Janesville — At a Feb. 23 city council workshop, a consultant and city staff laid out how a proposed $1 billion data center inside Tax Increment District 42 could affect the city’s levy capacity, property-tax rate and budget choices.
Todd, a consultant with Ehlers, told the council that levy limits prevent the city from increasing its general operating levy by more than the percentage of net new construction certified annually by the Department of Revenue. "Levy limits means that the city cannot increase its general operating levy over the prior year by more than a percentage equal to your net new construction," he said, adding that general-obligation debt service is exempt from that limit.
City staff presented an illustrative fiscal scenario tied to the prospective project. Mr. Godek said a project that…
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