The Greene County Redevelopment Commission voted to confirm an amendment expanding Allocation Area No. 5 and to designate Prometheus Energetics as the named taxpayer for a tax-increment financing package intended to attract the Prometheus project to the county.

During a public hearing, Scott Van Gray, superintendent of Bloomfield School District, urged commissioners to adopt the option in the tax-impact statement that would allow assessed value generated by the project to flow to all taxing units rather than being captured entirely by the TIF, saying the change would "protect the school district's financial stability" amid what he and others described as major state property-tax changes known in discussion as "Senate Bill 1." Jessica McKaming, director of the Bloomfield Eastern Greene County Public Library, told the commission she also supported that scenario because library resources are being cut under the same state changes.

Commission staff and consultants explained the trade-offs. Jim Higgins, who presented the tax-impact statement, said Prometheus is "looking at investing approximately $80,000,000 in the first year," estimating roughly $50 million in real-property improvements and $30 million in business personal property. Higgins said the commission's incentive package would capture a portion of the incremental revenue (he cited an estimated incremental capture of roughly $2,000,000) and that an 80% split of the increment was part of the incentive arrangement being discussed to persuade the company to locate in Greene County.

Higgins and other speakers emphasized how recent state-level changes to property-tax calculations and circuit-breaker credits alter local revenue dynamics. Higgins described that the state changes will reduce assessed value, shift some relief calculations to credits instead of lowering assessed values, and likely increase pressure on operating levies for some local units. He warned that the scenario in which no TIF was created (what some speakers called "scenario 3") could preserve levy distributions but also might make it difficult to offer the incentive package necessary to secure Prometheus.

Commissioners asked whether other future developers would be covered by the designation; staff clarified that business personal property capture requires naming a designated taxpayer, so other investors' personal property would not be captured under the current designation unless the commission completed a separate designation process. Real property improvements by other firms could be captured generally by future actions but would require separate steps to name additional designated taxpayers for personal property capture.

After public comment and discussion, Commissioner Karen moved to approve Resolution 20 25 tax 0 5 (the confirmatory resolution amending the economic development plan to expand Allocation Area No. 5 and designate Prometheus Energetics); Shane Smith seconded, and the motion passed by voice vote.

The commission's action will allow the redevelopment commission to capture some future incremental revenue over a 25-year allocation period to fund economic incentives and local redevelopment activity. Staff noted captured funds may not be available until 2027–2028 depending on construction and assessment timing. The commission said further steps would be required to designate any additional taxpayers or to change the capture of business personal property for other projects.

The commission moved on to other business after the resolution vote.