Tax Incremental Finance (TIF) - Municipal Expenditures and Debt

Secs. 60.23(32), 60.85, 66.1105, and 66.1106, Wis. Stats.

  1. What is an expenditure?

  2. What is the expenditure period?

  3. What date is used to measure the start of the expenditure period?

  4. Can "new" project costs be incurred after the expenditure period?

  5. What is considered an existing project?

  6. Can payments be made after the expenditure period?

  7. Are there any restrictions on the length of maturity for TID debt?

  8. Can a municipality transfer money from another fund into a TID fund and repay itself later?

  9. If a municipality incurs expenses before it creates a Tax Incremental District (TID), can these expenses be recovered?

  10. What expenses can be considered "planning" expenses?

  11. If a municipality purchased land before it creates a TID and sells the land to the Community Development Authority (CDA) after the TID is approved, can the land purchase be considered an expense?

  12. Can a municipality buy and improve land with TIF funds and place revenue from the improved land's sale into the general fund?

  13. Can a municipality use TIF funds to reduce special assessments to property owners after the improvements are installed?


Certification statement


FOR QUESTIONS OR COMMENTS CONTACT:

MS 6-97
WISCONSIN DEPARTMENT OF REVENUE
Office of Technical and Assessment Services
PO Box 8971
Madison, WI 53708-8971
Phone: (608) 266-7750
Email additional questions to ​tif@wisconsin.gov