Public commenter urges county caution as state expands residential TIFs
A resident warned the committee that Wisconsin Act 235 allowing tax-increment financing (TIF) to support residential subdivisions could shift costs to taxpayers, and supervisors said the full county board will receive a presentation on TID/JRB activity in July.
The full story
Peter Weinshank of Edgar opened public comment by warning that changes to how tax incremental financing is used could make taxpayers shoulder the cost of residential developments. "As of October, TIF will be able to support residential subdivisions...The rest of us, of course, will subsidize these developments with higher property taxes," Weinshank said, urging the county to instruct its Joint Review Board representative to require a taxpayer return-on-investment schedule before supporting any new TID or TID amendment.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
Keep reading for free
Create a free account to finish this story and see the video, transcript and key details.
Continue with GoogleContinue with emailAlready have an account? Log in