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Crown Point City Development Commission approves 2026 TIF spending plan and payment list
Summary
Crown Point City — The Crown Point City Development Commission on Thursday approved a draft 2026 Tax Increment Financing (TIF) spending plan setting maximum amounts by category and voted to forward the plan to the city council for posting on the gateway before the Dec. 1 deadline.
Crown Point City — The Crown Point City Development Commission on Thursday approved a draft 2026 Tax Increment Financing (TIF) spending plan setting maximum amounts by category and voted to forward the plan to the city council for posting on the gateway before the Dec. 1 deadline.
Charlie, a consultant with FSG, presented the draft spending plan and said the requirement to adopt a spending plan was imposed by the state legislature last year. "We put 35,000,000 in there just as a maximum, not to exceed amount," Charlie said, referring to a placeholder line for proceeds of bonds in the draft. He said the draft combines all of the city's TIF areas and lists estimated maximums,…
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