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Consultant tells Goshen redevelopment panel TIF collections near projections, flags appeals and negative-increment parcels
Summary
Baker Tilly presented the commission’s annual TIF reports, reporting 2024 collections near projections, outlining 2026 expectations, and warning that assessment appeals and parcels with negative increment could reduce future TIF receipts.
Jason Semler of Baker Tilly presented the redevelopment commission’s annual tax-increment financing (TIF) reports on Dec. 9, outlining recent collections, outstanding obligations and risks to future revenues. Semler said of 2024 collections, “we anticipate about 3,757,000, and you actually collected 3,798,000,” and that 2025 and early 2026 receipts are tracking close to expectations.
Semler reviewed revenue by consolidated allocation areas, bond obligations tied to specific TIF parcels, and potential downside from assessment appeals. He warned of a substantial number of appeals affecting assessed…
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