A bill designed to aid struggling cities is headed to the governor’s desk. The state Assembly has approved a bill co-sponosred by State Senator Rick Gudex of Fond du lac along with Oshkosh state representatives,
Republican Michael Schraa and Democrat Gordon Hintz. The bill 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 handful in the 53rd Senate District. He says it’s a good bipartisan bill that stimulates economic development.