Gov. Tony Evers has signed a bill allowing Stevens Point to increase the limitations for tax incremental district or TID 14 to attract more businesses to come to the East Park Commerce Center. The state allows no more than 12% of a municipality’s value to be in a TID. Mayor Wiza says the city is very close to surpassing that limit and without this legislation’s exemption to go beyond that limit, they would not be able to be as competitive when trying to secure a major agricultural processor.
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