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La Porte RDC votes to keep full tax-increment financing receipts for 2025
Summary
The La Porte Redevelopment Commission approved issuing four letters notifying underlying taxing districts that the commission will retain its full 2025 tax-increment financing (TIF) receipts, citing an annual Baker Tilly analysis of debt service needs.
The La Porte Redevelopment Commission voted 3-0 on June 9 to issue letters to four underlying taxing districts notifying them that the commission intends to retain the full amount of tax-increment financing (TIF) proceeds for the calendar year 2025.
Commissioner Brian Celik, Commissioner JT McDermott and Commissioner Janet Francisconi formed a quorum and approved the action after staff described the annual review. Craig Phillips, staff member, said the recommendation follows the commission's yearly review of a…
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