The village of Brokaw is in danger of going broke, and, unsure how to proceed, its surrounding county is considering spending several thousand dollars on a study to determine options.
The Milwaukee Common Council on Tuesday unanimously approved a $2.5 million tax increment financing district to help pay for the redevelopment of the Posner Building.
A proposed $2.5 million tax increment financing district that would help pay for the redevelopment of the Posner Building in downtown Milwaukee won approval Thursday from a Common Council committee.
The bailouts provided to various tax-increment finance districts following the recession left many state lawmakers and local officials searching for ways to prevent a repeat.
The Milwaukee Common Council on Tuesday approved a proposal to extend expiring tax increment financing districts to pay for affordable housing projects.
Milwaukee officials do not intend to seek permission to postpone the closings of tax increment financing districts that have reached what typically would be their conclusions.
Gov. Scott Walker signed a bill Wednesday that will let the city of Madison to use tax increment financing to help pay for a parking structure for the proposed redevelopment of Judge Doyle Square.