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Angola commissioners set framework for TIF spending plan, plan due to state by Dec. 1
Summary
Commissioners reviewed categories and preliminary dollar allocations for the TIF spending plan and instructed staff to file the plan with the Department of Local Government Finance. The spending plan is treated as a living document the commission can amend later.
The Angola Redevelopment Commission on Oct. 8 negotiated preliminary allocations for its tax-increment financing (TIF) spending plan and directed staff to file the required form with the Indiana Department of Local Government Finance by Dec. 1.
Commissioners were told the commission’s available TIF balance is $1,138,533.58; staff read the figure aloud during the meeting. The group discussed how the spending plan must address anticipated new money next year but is…
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