You could find Door County’s new Tax Increment District in the Town of Gibraltar following its meeting on Wednesday.
In early April, Governor Tony Evers signed the bill championed by State Senator Andre Jacque and State Rep. Joel Kitchens to help establish the TID in the town. The town had been previously was ineligible to set up a TID because of its size. TIDs are designed to fund public infrastructure projects by borrowing against future property tax revenue. Funds from the TID will be used to extend a sewer line to a proposed housing development that both Jacque and Kitchens hope will address a top issue for the area’s workforce. The Town of Gibraltar Board is set to approve the formation of the TID and approve hiring Cedar Corporation for technical services. The town credits Cedar Corporation for helping it secure the legislation and has prior experience with municipalities with their TIDs.
