A proposal would place caps on TIF incentives for developers in Wisconsin.
Local governments would be limited to providing 20 percent of a project’s cost in TIF payments.
Oshkosh Common Council Member Matt Mugerauer thinks state lawmakers should mind their own business. He believes local communities know what’s best for themselves.
Oshkosh commonly makes “pay as you go TIF” deals, with the developers covering nearly all costs of a project, instead of the city. The city repays them through refunds of their property taxes.
Republican Sen. Duey Stroebel of Saukville is proposing the new rules.
