Report on BID creation finds Milwaukee tied for third in nation
“Business improvement district” is a generic term applied to a type of special assessment district that involves a group of property owners and businesses within a designated area. The members of the district enter into an arrangement whereby they pay an additional tax that is used by the district to pay for mutually beneficial services or improvements. By pooling their resources in this manner, businesses and property owners can supplement the services being provided by their local government to meet their specific needs. This approach is described as “self-help through self-taxation.” A report released August 1 by the Milwaukee-based...
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