Lake Delton Need To Extend TID Distresses Wisconsin Dells

The City of Wisconsin Dells can be considered a distressed TID Tax Incremental District and their TID needed to be extended out to 2045.  The City of Wisconsin Dells and the Village of Lake Delton have always supported each other in the quest for economic growth.

The Village of Lake Delton has gone to the Governor of the State of Wisconsin who was able to sign Senate Bill 391 -  now Act 21 which enables an extension for TID Tax Incremental District 3 until the year 2042.  This also extends TID Tax Incremental District 4 until the year 2044.

An extension simply means the municipality has not received the aggregate tax increments that equal all the project costs under the administered project plan. It is when the TID is closed that the community taxing entities can begin to benefit from the project tax base and fund balance.

Recall that recently the Village of Lake Delton employed a controversial tax assessing organization to raise property taxes.  The past raising of the property taxes to collect additional money was tax payers supporting the project costs.