Financial adviser Peters says Albion TIFs project shortfalls; advises retaining increment to fund projects
Financial adviser Jeff Peters told the Albion Redevelopment Commission that projected balances across three TIF allocation areas are negative through 2027 and that collecting available tax increment is necessary to fund planned capital projects rather than returning small amounts to underlying taxing units.
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Jeff Peters of Peters Franklin presented the commission's annual tax-increment financing (TIF) briefing, telling the Albion Redevelopment Commission that cash-flow projections across its three allocation areas show negative ending balances through 2027. He said the commission started 2026 with roughly $1,300,000 in TIF funds in one allocation area, anticipated about $369,000 in receipts, and budgeted about $515,000 for 2026; under that scenario the projected ending balance for that area would fall but remain substantially invested in planned spending.
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