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Lebanon City Redevelopment Commission adopts 2026 spending plan, halves capital placeholder to $10 million
Summary
The Lebanon City Redevelopment Commission approved its 2026 spending plan after a presentation from staff and consultant Baker Tilly. Commissioners cut the capital line from a prior $20 million placeholder to $10 million, doubled grant capacity and discussed potential impacts from SEA 1 on future revenues.
Lebanon City Redevelopment Commission members voted to adopt a 2026 spending plan on a voice vote after a presentation by commission staff and consultant Baker Tilly.
Ben Bontrager, who presented the plan, told commissioners the spending plan is a new statutory requirement that must be submitted to the DLGF and functions as an umbrella of category caps rather than a revenue-based operating budget. He said the proposed plan lists debt service at about $7,700,000, keeps bond-proceeds similar to last year and reduces the capital expenditures line from $20,000,000 to $10,000,000 to provide flexibility while removing an outsized placeholder.
"We decreased…
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