HomeMy WebLinkAbout52. 17-167 MARCH 28, 2017 17-167 RESOLUTION
(CARRIED 7-0 LOST LAID OVER WITHDRAWN )
PURPOSE: OPPOSE STATE FUNDING CAP ON HISTORIC
REHABILITATION TAX CREDIT PROGRAM
INITIATED BY: COMMUNITY DEVELOPMENT
WHEREAS, it is proposed in the Wisconsin 2017-2019 State Budget to place a $10
million annual cap on the amount of State Historic Tax Credits that could be claimed;
and
WHEREAS, this funding cap would affect Oshkosh and all communities in the
State and would result in fewer historic renovations serving a wide range of goals; and
WHEREAS, the impact on Oshkosh would result in less re-investment for
economic development in the central city, lower property tax values and fewer
residents and employees in historic buildings.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of
Oshkosh that the City of Oshkosh opposes the $10 million annual cap on State Historic
Tax Credits as proposed in the 2017-2019 State Budget.
BE IT FURTHER RESOLVED that the City Clerk is hereby directed to send a
copy of this resolution to Governor Walker.