The City of Madison proposes new tax district to fund public works projects, affordable housing in South Madison

The City of Madison proposed a $115 million plan to support communities in South Madison by allocating tax revenue toward economic development in the area. 

The “South Madison Plan” was sent to the state’s Tax Increment Finance Joint Review Board Friday. It would create a Tax Increment Financing District called TID 51, directing $115 million towards economic development in South Madison neighborhoods bounded by Fish Hatchery Road, John Nolen Drive and the Beltline Highway...