Sunday, December 29, 2019

Lake Delton Intermingles TID and PRT Money

Readers can go online to the Wisconsin Department of Revenue -Tax Incentive Financing Information page to review the Village of Lake Delton annual submission for the year 2017.  Recall filing of the annual report for the year 2017 was due on July 2, 2018.

TID 4 created 7/23/2007

Under the transfer to other funds category - 433,321 transfer to PRT fund.

This records the Village of Lake Delton transferring money from the Tax Incremental District 4 fund over and in to the premier resort tax fund.  This is intermingling - the moving of money between the separate funds for utilization in a manner that is more regulatory acceptable.

The 2017 annual TID report filing documents the Village of Lake Delton's history of intermingling tax incremental district  money with premier resort tax money.

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