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RDC hears TIF financial update: $2.77M balance, county disbursement of $779,621.95
Summary
Sellersburg staff reported a December TIF fund balance of $2,773,771.02, a county disbursement of $779,621.95 and year-to-date revenue of roughly $1,744,436.01; staff warned of pending bond payments and follow-up on a June disbursement and potential delinquent payers.
Nicholas, staff for the Sellersburg Redevelopment Commission, presented the commission’s fund reports at the Jan. 5 meeting, saying the December TIF fund balance stood at $2,773,771.02 and that the commission received $779,621.95 from the county in the most recent disbursement.
Nicholas said year-to-date revenue was approximately $1,744,436.01 and noted deductions and property-tax caps…
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