Brownsburg RDC receives annual TIF briefing; approves two resolutions to retain incremental tax revenue

The Town of Brownsburg Redevelopment Commission on June 5 received the annual informative presentation required by Indiana Code 36-7-25-8 on tax increment financing and approved two resolutions to retain incremental assessed value for the town’s allocation areas.

The presentation, given by staff and representatives from LWG CPAs and Advisors, summarized how TIF (tax increment financing) works, how Brownsburg has used TIF to fund past projects and debt service, and the commission’s recommendation that no incremental assessed value be released to other taxing units for the 2026 budget year for all allocation areas except Wynne Farms. The commission then approved Resolution 2025-02 RDC (no pass-through of dollars for allocation areas except Wynne Farms) and Resolution 2025-03 RDC (continue capturing 50% of increased assessed value in the Wynne Farms allocation area).

TIF refresher and examples Bob Swins of LWG CPAs and Advisors walked the commission through the mechanics of TIF, explaining the base assessed value (AV) is “locked in” when a TIF is created and that new development generates incremental AV that the town may reinvest in the allocation area. Swins described the state’s “BUPFOR” test for creating an allocation area,…