Torgerson Equipment secures TIF funds for new 18-acre project in Billings

During the Billings City Council Regular Meeting on April 14, 2025, significant discussions centered around the allocation of Tax Increment Financing (TIF) funds and the implications of proposed property tax relief legislation. The meeting highlighted the ongoing development projects in the city, particularly those led by Torgerson Equipment, and the potential impact of state legislative changes on local finances.

A key focus was the TIF funding request from Torgerson Equipment, which is seeking nearly $843,000 for a substantial development project on an 18-acre site. Representatives from Torgerson Equipment detailed the project's timeline, noting that initial discussions began in August 2024, with the formal application submitted in December 2024. The project aims to enhance local infrastructure, including the construction of trails and the relocation of the Gray Eagle Ditch, which will benefit public safety by improving fire hydrant access in remote areas.

Matt Robertson, a real estate broker involved in the project, emphasized the positive economic ripple effects of TIF funding, citing previous developments that have spurred further investment in the area. Brian Torgerson, representing the family-owned business, expressed excitement about consolidating their operations in Billings and contributing to the community's growth.

In addition to the TIF discussions, the council addressed concerns regarding proposed property tax relief legislation currently under consideration in the state legislature. Former council member Pam Purinton raised alarms about the potential negative impact of the legislation on city services and the financial stability of Billings. She urged council members and the public to advocate against changes that could undermine local tax structures, emphasizing the importance of maintaining the current property tax cap to ensure affordability for residents.

The meeting underscored the interconnectedness of local development initiatives and state legislative actions, highlighting the need for ongoing dialogue between city officials and state representatives. As the council moves forward, the outcomes of both the TIF funding request and the property tax relief discussions will be crucial in shaping the future economic landscape of Billings.