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Commissioner Eason recommends outside analysis of SB 1's effect on redevelopment financing
Summary
Commissioner Eason told the Carmel Redevelopment Commission that the governor's recently signed SB 1 property tax bill could affect the commission's redevelopment capacity and recommended contracting a third-party financial analysis; no formal action was taken.
Commissioner Eason told the Carmel Redevelopment Commission that the governor's recently signed SB 1 property tax bill could affect both the city's general fund and the commission's redevelopment efforts, and recommended an objective third-party financial analysis to clarify the commission's capacity for tax-increment financing and local income tax uses going forward.
"The governor…
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