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Redevelopment commission urges overhaul of comp plan, pushes '80/20 by 2030' economic vision for Bargersville
Summary
A Bargersville Redevelopment Commission member urged a joint review of the town’s comprehensive plan and development code to pursue a strategy the commission described as ‘‘80/20 by 2030’’ — shifting assessed value toward commercial and industrial projects to reduce the residential tax burden.
A member of the Bargersville Redevelopment Commission urged the Planning Commission on Jan. 21 to work with the Town Council and the Redevelopment Commission to reshape the town’s comprehensive planning and zoning approach with an economic-first strategy that would increase commercial and industrial assessed value and reduce pressure on residential taxpayers.
The commission member, speaking at length, said the Redevelopment Commission proposes a goal of shifting the town’s assessed value balance toward an ‘‘80/20 by 2030’’ split (80 percent taxed at the 3% commercial/industrial rate, 20 percent residential at lower capped rates) and suggested a later target of roughly 70/30 by 2035–2040. He cited large projects as examples of…
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