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Redevelopment commission adopts single-page TIF spending-plan template for 2025 reporting
Summary
The commission agreed to submit a one-page, expenditure-focused TIF spending plan template (Baker Tilly/Barnes & Thornburg model) to the state DLGF, noting the statute allows resubmission during the year and recommending a capital placeholder for unforeseen projects.
Andy, the RDC's spending-plan advisor, briefed members on a new state requirement (legislation passed in 2023) that redevelopment commissions adopt and upload an annual TIF spending plan to the DLGF gateway. He said the plan governs redevelopment commission expenditures for calendar year 2025 and that limited state guidance has left…
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