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Carmel commission approves 2025 intent to retain Tax Increment Financing increment
3473386 · May 23, 2025
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Summary
The commission approved Resolution 2025‑09, signaling the commission’s intent to retain TIF increment rather than distribute it to other taxing units for the coming year; staff will notify taxing units per state statute.
The Carmel Redevelopment Commission approved Resolution 2025‑09, a required annual declaration that the commission intends to retain its tax increment financing (TIF) increment rather than pass it through to other taxing units.
Explaining the measure,…
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