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Redevelopment commission: 2024 TIF receipts hit $16.99 million; staff flags boundary housekeeping
Summary
Finance staff told the Greenwood Redevelopment Commission that preliminary 2024 tax-increment financing receipts totaled $16,985,763, a 9% increase over 2023 and about 70% growth since 2019. Staff also outlined likely boundary amendments and housekeeping affecting 10–20 parcels.
At its Jan. 14 meeting, the Greenwood Redevelopment Commission received an initial summary of 2024 tax-increment financing (TIF) revenue: staff reported preliminary receipts of $16,985,763, a 9% increase from the prior year and roughly 70% growth since 2019.
Adam, finance staff, presented the preliminary figures and cautioned they have not been fully reconciled or audited. "The redevelopment commission received $16,985,763 that is an increase of the prior year…
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