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Greene County redevelopment commission keeps full TIF increment, cites near-term development uncertainty
Summary
At its May 22 meeting the Greene County Redevelopment Commission received the 2025 annual report for Economic Development Area No. 1 and unanimously adopted Resolution 2025-TAX-02 to capture (retain) the entire tax increment for budget year 2026, citing anticipated local projects and uncertain near‑term infrastructure needs.
The Greene County Redevelopment Commission received its 2025 annual report for Economic Development Area No. 1 and voted unanimously May 22 to capture the full tax increment for budget year 2026.
Presenter Marvin delivered the annual report, saying the area includes State Road 57, Technology Park and Westgate Crane Technology Park, multiple township expansions, community building improvements and several land‑acquisition areas. He reported 2024 tax‑increment financing (TIF) revenues of $672,335 and non‑TIF revenues of $52,336 — which included a Taylor Township fire lease payment of $46,000 and regional sewer district payments of $6,336. Expenditures in 2024 from TIF revenues included $539,500 for debt service on a redevelopment authority bond.
The commission heard…
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