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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 template choice largely to local officials.
Andy presented two practical templates: a simple, single‑page expenditures summary and a more detailed cash‑flow worksheet. He told the commission both options meet the statutory minimum but recommended including language that allows reuploading an amended spending plan during the year if priorities change. Andy also suggested a capital‑expenditure placeholder to provide flexibility for unexpected but approved projects.
Commissioners discussed the tradeoffs: a single page offers flexibility and minimal public exposure of internal worksheets, while a detailed cash‑flow model helps internal budgeting and transparency. Several members said they favored submitting the single‑page template to meet the DLGF deadline and retain the detailed worksheets for internal tracking.
The commission voted to adopt the single‑page Baker Tilly/Barnes & Thornburg model as the RDC’s initial submission to the DLGF and to retain more detailed worksheets internally for planning and potential resubmission.
