Tax Incremental District Number Twelve

FY 2024 ANNUAL BUDGET

In 2017, the City Council approved the creation of TID # 12. The purpose of TID # 12 is to promote Water Street as a mixed-use district by providing funding for the acquisition of properties along the Chippewa River and construction of a linear park and bike trail, thereby creating new jobs, increased property valuation, and business growth.


TID #12 EQUALIZED VALUE

Base $22,281,500

Increment $2,768,600

Total Equalized Value $25,050,100

Percent Change 12%