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Finance committee recommends early closure of TID 10, citing fulfilled project costs and projected surplus
Summary
City staff recommended closing Tax Increment District (TID) 10 early after project costs were satisfied; staff said the district generated roughly $114–115 million in new assessed value and that surplus increment (about $1.1 million projected) would be distributed to overlapping taxing jurisdictions.
City staff presented slides to the Muskego City Finance Committee on April 14 recommending early termination of Tax Increment District (TID) 10, which was created in 2008 and amended in 2009 to support industrial and commercial development along Morland Road. Staff said the district encompasses about 126 acres and funded public investments including utilities, road and intersection improvements, grading, lighting and water infrastructure to enable development.
Staff said the district has largely fulfilled…
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