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Consultant presents TIF annual report; commissioners and staff say full fund-level data is available
Summary
Baker Tilly consultant Emma Adlam presented the redevelopment commission's required April 15 TIF annual report covering 2024 activity, fund balances, outstanding bonds and the creation of two new allocation areas; consultants said detailed fund-level slides and debt schedules are uploaded to Gateway and available to commissioners and staff.
City consultant Emma Adlam of Baker Tilly presented the redevelopment commission's state-required annual report on tax increment financing (TIF) activity for 2024 at the April 14 council meeting.
Adlam summarized required report elements including redevelopment commission membership, TIF fund balances, revenues and expenditures, grant payments and a list of outstanding bonds tied to TIF allocation areas. She said the report is prescriptive under…
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