Staff presented the commission’s 2025 annual report, walking members through allocation-area summaries, outstanding TIF obligations, amortization tables and narrative plans for use of funds. The report is described in materials as the 'November 15 annual report' and is intended as a look at 2025 activities rather than a forward-looking document.

During the presentation, staff noted SB 1 will start reducing increments for certain parcel types (farmstead, senior housing and multifamily) beginning in 2027 and offered to prepare projection data showing the bill’s impact on commission revenues. Commissioners asked that data be circulated if they want it.

Staff and consultant clarified that this November annual report is informational and is not uploaded to the state Gateway system; Oscar (staff) corrected an earlier comment to confirm that only the April 15 annual report and the spending plan are uploaded. Following the presentation, a motion to acknowledge the annual report into the record was made, seconded and approved by voice vote.

Commissioners asked follow-up questions about specific bonds and the timing of development in nearby cities (Carmel) that might affect future TIF revenues. Staff said they would investigate whether planned development would fall in county TIF districts and report back.