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Joint Review Board briefed on Act 235, Act 173 changes affecting TIDs
Summary
Village of Plover staff summarized two recent state legislative changes: Act 235 creates a new TID option for certain one- and two‑family residential development; Act 173 permits up to a two‑year extension of TID life for residential housing effective Jan. 1, 2028.
Village of Plover community development staff briefed the Joint Review Board on two recent state law changes that affect tax incremental districts (TIDs).
Adam DeKleyn told members that Act 235 allows municipalities to create a new type of TID tailored to residential development of one‑ and two‑family dwellings that meet specified ownership, lot‑size and home‑size requirements. He said members should review the statute details and that the Village will offer training opportunities to learn how the new option could be used.
DeKleyn also summarized Act 173, which expands residential housing extensions for use with tax incremental financing by allowing municipalities to extend the life of a TID by up to two years for qualifying residential projects; DeKleyn noted that Act 173 goes into effect Jan. 1, 2028. He encouraged Joint Review Board members to examine the changes and attend training to understand practical implications for current and future TIDs.
No formal action was taken on either statute during the meeting; staff comments were presented as an informational update. The board adjourned at 11:01 a.m.
