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Carmel commission approves 2025 intent to retain Tax Increment Financing increment
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, Mr. Lee, executive director, said, “This is required each year by state statute for the commission to approve, basically stating that, we intend to retain all of our TIF for the following year, that we're not gonna pass through any more to the other tax units. We have resolution that has to be, signed to that extent, and then we send that notice out to each of the taxing units, letting them know not to count on this for next year's budget.”
Commissioners asked no follow‑up questions on the resolution. Mariana called the roll; President Hammer, Vice President Bowers and Counselor Austin each voted aye to approve the resolution.
Mr. Lee said staff will send the statutorily required notices to affected taxing units after the commission signs the resolution.
