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Council approves US 31 TIF allocation area and amends plan to allow TIF funds for police, fire
Summary
The Whiteland Town Council approved a new tax-increment financing allocation area along U.S. 31 and amended its economic development plan to permit, where law allows, TIF expenditures for police and fire improvements; council noted an initial estimate of roughly $200,000 in potential public-safety funding.
The Whiteland Town Council voted to approve a new Tax Increment Financing (TIF) allocation area along U.S. 31 and to amend the town's economic development plan to allow, to the extent state law permits, use of TIF funds for police and fire departments.
Town staff explained that the redevelopment commission already adopted a declaratory resolution to create the U.S. 31 allocation area; the council's approval sends the measure back to the redevelopment commission for public hearing and a confirmatory resolution before the new district becomes final. Council also considered a…
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