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Shorewood staff: TIDs generated about $2.9 million in 2025 and hold $13.7 million in combined fund balance
Summary
At the joint review board annual meeting, finance staff reported that Shorewood's tax increment districts produced about $2.9 million in increment during 2025 and ended the year with roughly $13.7 million in combined fund balance, with TID 5 funding a current North Oakland construction project.
Christina Dmer, a village staff member, told the Village of Shorewood joint review board that the village's tax increment districts (TIDs) "collectively generated about $2.9 million in tax increment during 2025" and ended the year with "roughly $13.7 million in combined fund balance."
The update came during the board's required annual PE-300 report review, when Dmer summarized overall performance and projected TID closures under conservative modeling. She said the village is using conservative estimates to forecast TID close dates and noted that the 2025 audit is still in progress and will show how ending balances are being allocated.
Board members asked clarifying questions about whether the balances are "healthy." Dmer replied that all three TIDs maintain positive fund balances and that planned activities are described in the annual financial statements; she said the audit will provide additional detail on how ending balances are being used.
As an on-the-ground example of TID-funded work, the board discussed North Oakland construction and noted that TID 5 is paying for that project, which officials said spares property owners from financing the work through general debt and affects levy calculations until the TID closes. Dmer summarized that when a TID closes, the increment then flows to the village general fund.
A regional partner attending the meeting, later identified in the transcript as Jeff, said he has been observing joint review boards across the region and praised how Shorewood deploys TIDs to support programs and projects.
The board took no formal policy action on the funding projections at the meeting; discussion was limited to the annual report presentation and questions. The meeting then moved on to a resolution acknowledging filing of annual reports and routine procedural business.
