Senate Bill 821 amends the statutes to allow the Town of Three Lakes in Oneida County to create a tax incremental district (TID) in the same manner as a city or village. Currently, towns can only establish a TID if they meet specific criteria, including having an equalized value of taxable property of at least $500 million and a population of at least 3,500. However, certain towns, including Brookfield, Somers, Freedom, Cable, and Gibraltar, are exempt from these requirements.

The bill specifically adds the Town of Three Lakes to the list of towns that can create a TID without meeting the value and population thresholds. The legal language in the bill reflects this change by inserting the Town of Three Lakes into the relevant statute while deleting the conjunction "or" that previously separated the last town in the list. This amendment aims to provide the Town of Three Lakes with similar economic development opportunities as those available to the other specified towns.

Statutes affected:
Bill Text: 60.23(32)(b)1, 60.23