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Madison Mayor $5M tax incentive plan delayed by board

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MADISON, WI (WTAQ) - The Madison Board of Estimates has delayed a plan by Mayor Paul Soglin to dedicate an additional $5 million to tax incentives.

Those incentives would be aimed at supporting development projects.

The board voted to move the five million the mayor sought to the 2014 capital budget.

Members also decided it wouldn’t be available until the Madison City Council approves a written policy on its funding priorities, policies and procedures concerning tax increment finances.

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