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Oconomowoc council declines housing extension for TID 4, votes to terminate district
Summary
After public comment and hours of council debate, Oconomowoc aldermen voted down a one-year 'affordable housing' extension of Tax Incremental District 4 and then approved terminating the district, returning the increment to overlapping taxing jurisdictions beginning Jan. 1, 2027.
OCONOMOWOC — The Oconomowoc common council on March 17 rejected a proposal to hold TID 4 open for an affordable-housing program and instead approved closing the downtown tax incremental district so its remaining increment will return to the tax rolls.
The debate followed public comments from residents and school officials who warned the council the move would affect local school funding. "If we vote to extend this for that additional year, you are taking money away from the schools and putting it into a slush fund, basically, for future use," said Jason Baumann, a District 4 resident. James Wood, president of the Oconomowoc Area School District board of education, told the council that when a TID closes the accumulated increment is distributed pro rata to overlapping jurisdictions, and that distribution is "significant to the school…
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