Finance Committee Explores Tax Increment Financing Options
The Whitewater Finance Committee convened on Tuesday, August 26, to evaluate the use and effectiveness of tax increment financing (TIF) within the city. The meeting also included discussions on infrastructure improvements and collaboration opportunities with the Whitewater Arts Alliance.
Senior municipal advisor Greg Johnson from Ehlers Inc. delivered a presentation that offered insights into how TIF projects are managed in other Wisconsin municipalities. Johnson introduced the committee to the ‘but-for’ test, a method used to assess the financial viability of a proposed development. This approach determines whether a project would be feasible without public investment. If the financial return is deemed insufficient to attract private financing, the city can justify using TIF to support the development.
“Our review process includes evaluating construction costs, funding sources, projected revenues, and anticipated rates of return,” Johnson explained. “This helps ensure that city resources are allocated in a way that supports viable and sustainable development.”
Committee members responded positively to Johnson’s presentation, emphasizing the importance of using standardized evaluation methods to better inform policy decisions. One member suggested the adoption of a formal rubric to quantify project needs and improve transparency during the approval process. The committee also agreed that involving third-party reviewers, like Ehlers, could help ensure objectivity and avoid relying solely on internal guidelines.
Whitewater Arts Alliance Outlines Challenges and Contributions
Following the TIF discussion, the committee welcomed representatives from the Whitewater Arts Alliance, who shared their concerns about ongoing issues affecting local arts programming. A primary concern raised was the difficulty food truck vendors face in obtaining permits, which has deterred participation in events hosted by the Alliance. This has impacted the vibrancy and accessibility of community gatherings.
The Alliance also pointed out several maintenance needs at the Cultural Arts Center, including the installation of new awnings, ADA-compliant railings, and Automated External Defibrillators (AEDs). These improvements, they said, are essential to ensuring safety and inclusivity for all attendees.
“We’re trying to create an accessible and engaging space for everyone in Whitewater,” said one representative. “But we need the city’s support to address these physical and regulatory obstacles.”
In addition to outlining their needs, the Arts Alliance emphasized their significant cultural contributions to the community. They highlighted key events such as the Storytelling Festival, Pain Wisconsin, and the annual Fran Achen Juried Photography Exhibition. These events not only bring together local artists and residents but also draw participants from across the state, enhancing Whitewater’s reputation as a cultural hub.
Policy Review and Upcoming Budget Plans
The meeting concluded with a brief review of an amendment to the city’s procurement policy, though specific changes were not detailed during the session. Members also discussed scheduling a series of special budget meetings, which are tentatively planned for October. These meetings will likely address funding allocations for ongoing and upcoming projects, including those highlighted during this session.
The Finance Committee’s discussions reflect a broader effort to ensure fiscal responsibility while supporting community growth and enrichment. By scrutinizing financial models and listening to local stakeholders, the city aims to balance economic development with cultural investment.
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