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District to host Sept. 2 session after addressing misinformation about TIDs and school funding
Summary
Board members said misinformation circulated that TIDs reduce district revenues; the district scheduled a Sept. 2 informational session with Mike Barry (Wisconsin Association of School Business Officials) to explain how TIDs affect school funding and answer public questions.
Board members and staff used their reports section on Aug. 19 to address public questions about Tax Increment Districts (TIDs) and to announce a public information session. Officials said a joint review board approved TID 12 (a proposed development area) that includes workforce housing and infrastructure improvements; board members emphasized the TID would not directly fund private storage buildings and noted a typical TID term of about 20 years.
Administration said misinformation had circulated claiming TIDs "decrease the revenue that we get," a statement the staff described as false, and announced a community session scheduled for the evening of Wednesday, Sept. 2 at 6:30 p.m. featuring Mike Barry from the Wisconsin Association of School Business Officials to explain how TIDs and school financing interact. "We are planning a September 2nd information session for the public ... how do TIDs affect school districts?" staff stated in the meeting.
