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Council receives TIF management report showing $1.1 million collected in 2024
Summary
Consultant Greg Balsano presented the annual TIF management report to the St John Town Council; the report, informational only, summarized 2024 revenues, expenses, outstanding bonds and parcel data for the town’s redevelopment allocation areas.
Greg Balsano, a consultant from Baker Tilly, presented the Town of St John’s annual Tax Increment Financing (TIF) management report on March 26 and told the Town Council it is an informational filing required by the Department of Local Government Finance due April 15.
Balsano said the report covers taxes payable 2024 and summarized allocations for the town’s redevelopment areas. For 2024 the report showed the TIF funds collected just over $1,100,000 in revenue and…
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