Bill > AB140

This bill creates a specific exception to the standard Wisconsin tax incremental financing (TIF) district rules for the city of Port Washington. Under current state law, municipalities are generally limited to creating tax incremental districts (TIDs) that, when combined, do not exceed 12 percent of the city's total equalized property value. This bill specifically exempts Tax Incremental District Number 5 in Port Washington from that 12 percent limit, allowing the city more flexibility in developing this particular district. Tax incremental financing is a method local governments use to fund infrastructure and development projects by using the anticipated increase in property tax revenues from a designated area (the tax increment) to finance current improvements that are expected to stimulate economic growth. By creating this exception, the bill gives Port Washington additional latitude in pursuing its economic development goals for this specific district without being constrained by the standard statewide TIF district restrictions.

Budget and Finance, Business and Industry

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