Bill > AB140

Here's a summary of the bill: This bill modifies tax incremental financing (TIF) district regulations specifically for the city of Port Washington. Currently, Wisconsin law limits the total value of tax incremental districts to 12 percent of a city's total equalized property value. This bill creates an exception for Port Washington's Tax Incremental District Number 5, exempting it from the standard 12 percent cap. Tax incremental financing is a economic development tool that allows municipalities to invest future property tax gains from a designated area into infrastructure and improvement projects within that same area. By removing the typical valuation restriction for this specific district, the bill potentially gives Port Washington more flexibility in developing and financing local improvements through its TIF district, without being constrained by the usual statewide percentage limit.

Budget and Finance, Business and Industry

https://docs.legis.wisconsin.gov/2025/proposals/reg/asm/bill/ab140