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IDB hears county audit of TIF program; board weighs formal policies and staffing for oversight
Summary
Hamilton County's internal audit found TIFs are generally meeting goals but flagged weak formal policies and inconsistent oversight. IDB staff and members discussed strengthening monitoring, using new CivicServe software, and whether to fund a dedicated IDB project manager from administrative fees.
Winston Brooks, director of economic development and entrepreneurship, presented a Hamilton County internal audit of tax increment financing (TIF) agreements initiated by the city and county dating to 2013 (audit dated 10/09/2025). Brooks said the audit "concludes that the program is generally achieving its primary goals of encouraging economic development and maintaining adequate internal controls," but it identified weaknesses including a lack of formal policies and inconsistent monitoring of financial compliance with agreements.
Brooks…
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