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Council advances Meadowlark TIF plan amid public objections to residential tax increment financing
Summary
Council moved ahead with the second reading of Resolution 25-08 to adopt an economic development plan for the Meadowlark subdivision and authorize tax increment financing (TIF) for the project; residents and a public commenter argued against using a TIF for a residential development.
Brookville City Council accepted the second reading of Resolution 25-08, which approves an economic development plan to establish the Meadowlark Incentive District and authorize tax increment financing (TIF) for the Meadowlark subdivision project.
Under the proposal discussed at the meeting the developer would receive a portion of property-tax increments…
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