Many people don't know it, but Janesville property taxpayers will be taking a pretty big hit on Monday as the city council expects to rubber stamp a funding program for Forward Janesville's downtown 'ARISE' gimmick.
Under the guise of a TIF District, the council will be shifting about $45 million, tax dollars originally destined for future city operational expenses and other general fund duties, to the exclusive use of downtown political donor-class business activities. It'll be the equivalent of paying for five new fire department central stations, but without the five new fire stations.
Where will the city find the revenue to make up for the $800,000 deficit expected to begin next year's budget along with other unforeseen increases and expenses for general operations and maintenance for years to come?
It'll be glorious.
More On The Janesville Downtown TIF District Below:
Major City Hall Stories Are Swept Under The Rug
Janesville Downtown TIF District Won't Boost Property Value Much. But It Will Confiscate It
Tax Credits, TIF Districts Funnel Taxpayer Cash To Republican Candidates
City Economic Development Director: "We're Putting Our Money Where Our Mouth Is"
Things To Watch For After The Janesville TIF District Rubber Stamp
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