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Lebanon Redevelopment Commission approves resolution to retain TIF capture
Summary
The Lebanon Redevelopment Commission adopted Resolution 2025-03, formally determining it will continue capturing tax increment for its allocation areas and authorizing notification letters to taxing units; the body noted recent legislation could affect taxing-unit shares but said impacts are still unclear.
The Lebanon Redevelopment Commission voted to approve Resolution 2025-03, a statutory determination to continue capturing tax increment financing (TIF) for its allocation areas, and authorized template letters to notify affected taxing units.
The vote followed a staff summary explaining the resolution is a routine, statutory step. Rob, a staff member, told the commission, "this is, as you know, a statutory requirement for this body to, look through and see, the various commitments that are made within this commission's budget, as well as, the various allocation areas." He added that Baker Tilly provided a TIF report update and that the resolution authorizes the commission's…
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