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La Porte redevelopment commission hears annual TIF report, projects and revenue outlook
Summary
Consultant Andy Mauser presented the commission’s annual tax-increment financing (TIF) review, reporting roughly $112 million in captured assessed value, about $3.2 million in TIF receipts in 2024 and an estimate of $3.7 million in 2025; projected increases hinge on enterprise-zone deductions ending at the hospital and new 39 North development.
Andy Mauser of Baker Tilly presented the La Porte Redevelopment Commission’s annual tax-increment financing (TIF) report on Jan. 29, reviewing allocation-area revenues, debt service and projects the commission could fund as TIF collections grow.
Mauser told commissioners the redevelopment commission currently captures “just shy of a hundred and $12,000,000 of assessed value” across its consolidated economic development area and that the tool is working as intended: “TIF’s doing what it should do. It’s a great tool for you now, but it’s also gonna be, you know, a great boost to the local tax base here in the coming decade,” he said.
The consultant said the commission received about $3.2 million in TIF revenue in 2024 and estimates roughly $3.7 million for 2025. Mauser said those totals could rise further as special tax provisions…
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