As the new year fast approaches the community members are reviewing the impact the 3 Wisconsin Dells (TIF) Tax Incremental Financing Districts have upon the areas projected economic performance in 2020.
The City of Wisconsin Dells is required to prepare and make available to the public annual reports describing the (TIF) Tax Incremental Financing Project Status, Expenditures, and Revenues. Online go to State of Wisconsin Department of Revenue Website. Key in to Tax Incremental Financing (TIF) information site, Press annual reports, year 2018, search Wisconsin Dells and 3 will show on the computer screen.
The City of Wisconsin Dells must file their annual report on TIF's every year by July 1 - so 2019's filing must be submitted by July 1, 2020. Below lists last filing 2018 for each tax incremental district describing expense, earned revenue, and surplus money generated
TIF 2 Created 11/20/2000
Future costs- 6,816,144
Future revenue- 4,050,000
Surplus 0
TIF 3 Created 7/31/2006
Future costs- 49,761,011
Future revenue- 45,900,000
Surplus 0
TIF 4 Created 7/31/2006
Future costs 306,382
Future revenue 175,000
Surplus 0
Viewing the 3 annual TIF District reports for the City of Wisconsin Dells gives insight in to the benefit the ongoing use of tax incremental districts has delivered for the communities economic well being.
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