flâneur

What the is a TID? — WI Data Center Document Repository

widatacenterfacts.org · 360 words · saved by 1 readers

A tax increment district is a financial tool used very commonly in the state (and across the country) to encourage economic development. With one exception in WI, all data center projects have leaned heavily on this tool in order to finance the deal. Here are some links to articles describing the tool: https://www.economicpolicyresearch.org/insights-blog/what-is-tax-increment-financing-tif https://en.wikipedia.org/wiki/Tax_increment_financing https://wispolicyforum.org/research/tax-incremental-financing-on-the-rise-how-do-municipalities-use-their-primary-development-tool/ But if you want the For Dummies version, let me explain it this way: Imagine you wanted to build a house on a vacant lot. Imagine the local govt being happy about that because it adds tax revenue after construction is complete. Imagine you said to the local govt: I can’t make this work, my monthly mortgage payment is a little too high for my salary. Imagine the govt said: No worries, you can use your property tax paym

What the <bleep> is a TID… and why should I care? A tax increment district is a financial tool used very commonly in the state (and across the country) to encourage economic development. With one exception in WI, all data center projects have leaned heavily on this tool in order to finance the deal. Here are some links to articles describing the tool: https://www.economicpolicyresearch.org/insights-blog/what-is-tax-increment-financing-tif https://en.wikipedia.org/wiki/Tax_increment_financing…

saved by

related reading