The future of Lodi’s Main Street is guided by the Comprehensive Plan, and the Main Street Corridor Plan. A visible part of that plan–the refurbished lamp posts–is already in place. The money for the Corridor Plan will come from a variety of sources, but primary among them are the four Tax Incremental Districts (TIDs) created along Main Street.
What Are TIDs?
Tax Incremental Districts (TIDs) are special zones set up by the city to provide dedicated funding for specific projects. These zones are approved by the state, and can only be used for infrastructure and economic development projects within half a mile of their borders. The four TIDs that Lodi has created extend along Hwy 113 from the head of Main to Hwy J near Ness Auto.
How Do They Work?
The property taxes you pay are portioned out to the city, county, and school district. As an area becomes more developed–through new construction or improvements–the value goes up. And so do the taxes. In a normal tax district, that added revenue gets split among the normal recipients: the city, the county, and the school district.
When a TID is formed, that shared revenue is “locked” at the current level. As new development occurs in that district, the additional tax revenue generated goes into a special fund. In this case that fund will support development of the Lodi Corridor.
When the special project (the Corridor) is completed, the increased tax revenue is again divided by the city, county, and school district.
How Do You Learn More?
The financial side of the TIDs is handled by the City of Lodi Economic Development Committee. They meet on the 2nd Tuesday of every month at 4:00pm.
A Lodi native, Blaze attended the University of Wisconsin, Green Bay where he graduated with a degree in theatre technology & design. He has traveled extensively throughout the United States and the world–including a 6-year stint in China. He has been a teacher, a writer, a designer, and is the founder of the Redleaf Consulting Group.