CEDARBURG — The city of Cedarburg will host a discussion
for residents on tax incremental financing. The event
will be held at 6.30 p.m. Monday at City Hall, W63 N645
Topics will include what a TIF district does and when it
is most effectively used. The discussion will be in an
informal setting and provide many examples; questions
will also be answered.
A joint review board recently approved a TIF district
for the corner of Washington Avenue and Mill Street in
downtown Cedarburg. In a TIF district, money that would
have been paid in property taxes – to the city, school
district, county, state and technical college – goes
back to pay for the improvements in the district. They
will still receive taxes on the current base value of
the property, which is $245,400, but not on future
The discussion will be led by Cedarburg Common Council
members John Czarnecki and Pat Thome. Czarnecki is a
commercial real estate broker with Commercial United.
Thome has more than 30 years of professional business
experience facilitating partnership agreements and
possesses a strong financial management background.