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Hammond Redevelopment Commission adopts 2026 TIF spending plan
Summary
The commission unanimously adopted its 2026 tax‑increment financing spending plan, which factors a 2025 issuance tied to a YMCA project, allows drawdown of Certified Technology Park funds for downtown redevelopment and continues a $1.1 million allocation to a College Bound program serving Purdue Northwest students.
The Hammond Redevelopment Commission on Nov. 18 approved its 2026 spending plan for the city's tax‑increment financing (TIF) districts.
City Controller Megan Flores presented the annual plan, saying it is required "based on state statutes" and noting the 2026 document reflects a 2025 debt issuance for the YMCA project and the planned drawdown of funds from the Hammond Certified Technology Park for a downtown redevelopment incentive. "We did have one more…
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