Bowling Green prioritizes TIF compliance amid concerns from Louisville Metro on funding

The Owensboro Board of Commissioners held a regular meeting on April 15, 2025, where key discussions focused on Tax Increment Financing (TIF) compliance and its implications for local economic development.

During the meeting, officials highlighted the importance of TIF processes, particularly in relation to other cities like Bowling Green and Louisville. Concerns were raised about the accuracy of financial calculations and the timing of payments, which can significantly impact local budgets. One official noted that Bowling Green is particularly worried, as nearly 90% of its TIF revenue comes from individual income tax. Any changes to this revenue stream could jeopardize their TIF program.

In contrast, the situation in Louisville was described as more complex due to the presence of multiple TIF districts. While the Yum Center TIF does not heavily rely on individual income tax, other TIFs in the city do. This discrepancy highlights the varying levels of concern among different municipalities regarding TIF funding.

The meeting concluded with expressions of gratitude for the collaborative efforts among local agencies and a commitment to addressing ongoing concerns about TIF processes. The discussions underscored the critical role of TIF in supporting economic growth and the need for clear guidelines to ensure timely and accurate financial management.