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Township official warns proposed residential TIFs could reduce overlapping taxing-unit revenue
Summary
A Portage Township advisory-board official told the council that proposed residential tax-increment finance (TIF) districts for Bauer Farms and Sandy Trails could reduce revenue for overlapping taxing units and questioned whether the developments meet the state “but for” standard; the mayor described legal review and outreach to the township.
A public commenter identified as the president of the Portage Township advisory board told the Portage City Common Council on April 1 that two proposed residential tax-increment finance (TIF) districts — for Bauer Farms and Sandy Trails — could “have an undeniable negative impact on the overlapping taxing units,” including the township’s budget for services such as assistance programs, parks, the Bonner Senior Community Center and cemetery maintenance.
The speaker said she attended the Redevelopment Commission’s March 20 meeting and was unable to comment there because the RDC does not allow public remonstration at its meetings. She…
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