Board meetings, strategic plans, and buyer signals from Russell Swanson’s organization
Oct 13, 2026·BoardMeeting
Board
River Falls City Council Workshop
The City Council workshop focused on the proposed 2027-2028 biennial operating budget. Key themes discussed included maintaining existing services, prioritizing people and public safety, and ensuring financial sustainability. Specific topics covered were personnel and public safety expenditure adjustments, the general fund financial breakdown, the impact of local and non-local funding sources, and the projected tax levy growth and its impact on residential property owners. Additional discussion touched upon tax increment district budgets, library budget adjustments, the solid waste fund contract with Waste Management, and debt service obligations for the fire station project.
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The meeting included a public comment session concerning Tax Incremental District (TID) #14, affordable housing, conservancy land use, and traffic management. The primary agenda item was an educational presentation on Tax Increment Financing (TIF 101), which covered the definitions of TIDs, eligible project costs, financial limitations, and the legal framework for tax increment districts. The commission also reviewed recent state legislation, specifically Acts 173 and 235, which impact affordable housing extensions and the creation of new Residential TIDs (R-TID), including discussions on their regulatory requirements and eligibility criteria.
Sep 22, 2026·BoardMeeting
Board
River Falls Common Council Meeting
The council meeting addressed several operational and regulatory items. The council reviewed and approved the payment of bills, including a progress payment for the new fire station. Public comment sessions covered concerns regarding the use of Flock cameras, specifically related to potential misuse and privacy, questions about boundaries within the Business Improvement District, and community concerns regarding PFAS in consumer products. Additionally, the council held a public hearing for the first reading of an ordinance amending zoning regulations to update driveway width standards, aiming to accommodate three-car garages while addressing stormwater and aesthetic considerations.
Sep 22, 2026·BoardMeeting
Board
River Falls City Council Workshop
The council held a workshop to discuss tax increment financing (TIF) and tax increment districts (TID). Key topics included the fundamentals and intent of TIDs, which are used to stimulate economic development, as well as an overview of the 13 currently active TIDs in the city. The discussion covered eligible project costs, financing mechanisms such as fronting costs versus pay-as-you-go strategies, development agreements, and risk mitigation practices like valuation guarantees. Additionally, the role of the general fund in providing interfund loans to TIDs and the associated benefits and risks were reviewed.
Extracted from official board minutes, strategic plans, and video transcripts.
