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Committee reviews TIF, street projects and proposed municipal wheel tax to boost road grant matches
Summary
Officials discussed using TIF and other funds for Cedar Street/CCMG matches, confirmed TIF reserves and discussed launching a municipal wheel tax (targeting implementation in 2028) to increase grant eligibility for road projects.
Eric walked the committee through infrastructure capital asks and how the city could layer funding sources to advance projects such as Cedar Street and a Phillips Street extension. He said TIF brings in about $3 million annually and that 2027 budgets allocate roughly $2.1 million to capital while maintaining a positive cash flow.
On Cedar Street and CCMG matching, committee members agreed that TIF can be used to match CCMG grants when the work benefits the TIF area; Eric asked staff to reconcile project lists with the financial-spreadsheet package. "As long as it's in or benefiting the TIF area, you can use anything," Eric said regarding TIF as match funding.
The committee also discussed a municipal wheel-tax ordinance being prepared for presentation. Staff outlined a possible structure (passenger vehicles at $7.50 and higher fees for heavy commercial vehicles) and estimated revenues coming to the city in 2028 (roughly in the low hundreds of thousands), depending on the rate chosen and filing with the BMV and DLGF. The ordinance work and the implementation logistics will proceed through Zach and legal staff and could increase the city’s eligible grant-match capacity for future road programs.
Next steps: staff will reconcile CCMG match figures, finalize any additional TIF allocations, and return with a draft wheel-tax ordinance and revenue estimate in August.
