Janesville City Council approves fee for developers seeking tax incremental financing

The Janesville City Council gives developers an incentive to go through with projects proposed to the economic development department.

Monday night the City Council unanimously approved a policy change which will require developers to pay a fee if they want city staff to complete an analysis of a possible tax incremental financing deal.

Economic Development Director Gale Price says the fee will be one percent of the incentive or $10,000 – whichever is less.