#Wausau TID 6

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Wausau approves TID 6 extension for affordable housing projects

Wausau TID 6, created in May 2005, was set to close a year earlier than its normal timeline of 2025 because it has paid for all of its expenses. TID 6 is considered a success by the city’s leaders.

Damakant Jayshi The Wausau City Council on Tuesday gave its nod to keeping a tax increment district open for an additional year to fund ongoing affordable housing projects. In addition to the ensuring that the $4 million in estimated tax for 2024 should be used only toward affordable housing, city alders also sought a guarantee that the life of TID 6 will not be extended for a longer…

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Wausau inches toward a funding plan for affordable housing projects

Both the Economic Development and Finance Committees approved the measure for TID 6, allocating about $4 million in estimated tax for 2024 for such projects. The Wausau City Council will consider the recommendation later this month.

Damakant Jayshi Two Wausau committees this week approved keeping a tax increment district slated for closure open for another year to help fund affordable housing projects in the city. Both the Economic Development and Finance Committees approved the measure for TID 6, allocating about $4 million in estimated tax for 2024 for such projects. The Wausau City Council will consider the…