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Committee receives TID close‑out briefings, confirms excess increment distribution
Milwaukee Common Council Development Committee · March 20, 2026
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Summary
Staff briefed the committee on closing four tax‑increment districts, explaining statutory close‑out steps and that $15 million in budget authority for excess increment was recognized in the 2026 budget; the city’s share is roughly $5 million.
David Schrader of the Department of City Development briefed the Development Committee on the final steps to close four tax‑increment districts (including TID 39 — the Hilton Hotel TID) and to distribute excess incremental revenue to overlying taxing jurisdictions. Schrader said state statute requires TID closures to…
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