Sunday, July 14, 2013

7-15-13 fdl lawmaker circulating bill designed to aid struggling cities

A Fond du Lac Repulican lawmaker is circulating a bipartisan bill designed to aid struggling cities.  State Senator Rick Gudex along with Oshkosh state representatives, Republican Michael Schraa and Democrat Gordon Hintz are authoring a bill that would allow a municipality to re-assess a tax incremental district.  Gudex says the measure would effectively bring the assessed value lower and in line with the actual current value.  Gudex says the bill will give municipalities a second chance to make their TIDs work.  About 100 TIDs around Wisconsin currently face some level of decrement.  Gudex says there are only a threein the 53rd Senate District including the village of North Fond du lac.   Gudex says it’s a good bipartisan bill that stimulates economic development.

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