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Council hears finance update as municipal-complex budget rises to $32 million; staff advances TIF economic plan
Summary
Finance Director Matthew Henson told the Trenton City Council that the municipal-complex estimate has been increased from $29 million to $32 million and that staff will advance an economic plan to create a TIF district (referred to in materials as the Marconi Funds Incentive District, likely to be called Trenton Square).
Finance Director Matthew Henson told the council that most general-fund and police-related funds were within policy after tax season, but the employees' termination benefits fund remained out of policy. He presented year-to-date comparisons showing total income tax collections of $946,000 in 2024 year to date and $994,000 in 2025 year to date. Henson said attorney general collections were down about $188,000 and that the change primarily reflects fewer delinquent filings…
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