WeVote
Log In

Bill

Bill

SB 696

Relating to: equalized value calculations, project costs, and local levy limits relating to tax incremental districts. (FE)

2025-2026 Regular Session Introduced by Kristin Dassler-Alfheim and 8 co-sponsors

Wisconsin bill adjusts tax incremental district valuation methods and local levy limits to modify municipal development financing capacity and property tax revenue calculations.

Read first time and referred to Committee on Government Operations, Labor and Economic Development
0
WeVote Research Nonpartisan
Bill Summary · SB 696

Legislative bill overview

SB 696 modifies how Wisconsin calculates equalized values and project costs for Tax Incremental Districts (TIDs), which are special financing zones designed to fund local development projects. The bill adjusts the formulas and methodologies that determine how much tax revenue can be captured in these districts and how local governments can levy taxes within them.

Why is this important

TIDs are significant tools for economic development and infrastructure funding in Wisconsin municipalities. Changes to their valuation and cost calculations directly affect how much revenue local governments can generate for development projects, which influences property tax rates, municipal budgets, and the feasibility of local economic initiatives.

Potential points of contention

  • Municipal fiscal impact: Modifications to equalized value calculations and levy limits could either expand or restrict funding available to municipalities for TID projects, affecting which communities can finance development initiatives
  • Developer and property owner effects: Changes to how project costs are calculated may shift the financial burden between public entities and private developers, potentially making some projects more or less feasible
  • Property tax implications: Adjustments to local levy limits could have cascading effects on property tax rates for residents and businesses in affected TID zones and surrounding areas

Compiled from official sources — confirm details with the bill’s official record.

Sign in to ask a question.