Sunday, February 23, 2014

2-24-14 tid bill passes

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.    

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