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Senate approves TIF exemption for Gibraltar

The Wisconsin Senate voted through a measure Tuesday that would allow the Town of Gibraltar to pursue a Tax Incremental Financing (TIF) to address the shortage of affordable housing.  The legislation would make Gibraltar eligible for a TIF through an exemption since the township falls about 2,000 residents short of the 3,000 population minimum required under current law.  The Town of Gibraltar is seeking to establish a Tax Incremental District (TID) to cover the cost of installing sewer lines and an interceptor that will service 102 workforce housing units. 


The City of Sturgeon Bay and the Village of Sister Bay have already established TIDs for projects involving public infrastructure.

Assembly Bill 914 was approved earlier this year by the Wisconsin Assembly and is now on the desk of Governor Tony Evers for approval.


First District Representative Joel Kitchens was one of six lawmakers to introduce the bill in the Assembly and Senator Andre Jacque co-sponsored the bill.




(The previous headline referred to this legislation as an affordable housing bill and was corrected)



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