Hammond Redevelopment Commission adopts 2026 TIF spending plan
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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 issuance that occurred in 2025 and that was for the YMCA project," Flores said, and "those funds are set for complete drawdown" to support a downtown redevelopment project.
Why it matters: the spending plan allocates how tax‑increment dollars will be used across multiple TIF districts next year, including continued program commitments and targeted development incentives. Flores told the commission the City Hall TIF is expected to produce about $151,000 in increment, and she tentatively included about $100,000 of that in anticipated expenditures though "currently there are no specific plans to utilize those funds." The plan also continues a $1,100,000 allocation from the central TIF to the College Bound program that supports students at Purdue Northwest.
The plan also accounts for routine categories such as property acquisitions, professional services and reimbursements to the city for police and fire capital and operating expenditures that the TIFs help fund. Flores said the figures were drawn from recent years' data and spending trends.
Commissioner Mosley Shelton moved to approve the plan; the motion was seconded and the commission approved it on a roll call vote with five votes in favor.
Next steps: the adopted spending plan will guide TIF disbursements and provide staff direction as the commission proceeds with specific RFPs, property draws and developer incentives in early 2026.
