Land Use & Zoning
A Wisconsin municipality may use tax increment financing (TIF) to:
AReduce property taxes for all residents
BFinance infrastructure improvements in a designated district using future tax revenue growth✓ Correct
CRezone land without public hearings
DExempt new construction from permit requirements
Explanation
Tax Increment Financing (TIF) allows Wisconsin municipalities to finance infrastructure and development improvements in a TIF district by capturing the incremental increase in property tax revenues generated by new development.
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