The Wisconsin State Senate has passed two bills that would allow Evansville and Stevens Point to assist agriculture-related development projects.
Senate Bill 787 would allow Evansville to offer tax incremental financing assistance for a proposed CHS soybean crushing plant on the city’s southeast side. Senate Bill 880 would allow Stevens Point to offer tax incremental financing assistance for a proposed Agristo potato processing plant in the city’s industrial park.
Evansville and Stevens Point need state approval to offer tax incremental financing exceeding 12% of their total equalized value.
