City of Racine tax incremental financing and tax increment districts

 

Tax Incremental Financing Districts

Tax Incremental Financing (TIF) or Tax Increment Districts (TIDs) are somewhat interchangeable terms for an economic development tool used by the City of Racine and other municipalities to leverage private development investment. This tool has been available since the state of Wisconsin adopted a TIF statute in 1975.

Racine has a number of active Tax Incremental Districts (TIDs) to support a wide variety of projects and has closed out several former districts. These TIDs have been instrumental in assisting projects including the Johnson Outdoors headquarters on Main Street in Downtown Racine, and have resulted in other community improvements such as streetscape enhancements.

For more information, click the links to active TIDs and project plan documents below.

Maps of Racine active TIDs

TID Project Plan Documents