Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Redevelopment commission review: annual TIF report, abatement effects and deadline for June 15 letters
Summary
The Daviess County Redevelopment Commission heard an annual TIF report from consultant Jason Simler (Baker Tilly) outlining the GPC and Westgate TIF areas, noted the GPC area expires 01/27/2027, discussed a company equipment abatement and a required June 15 auditor letter to avoid an automatic 5% pass-through.
The Daviess County Redevelopment Commission on Wednesday reviewed its annual tax-increment financing report and discussed how recent abatements and legislation will affect tax increments and future tax rates.
Jason Simler, principal at Baker Tilly, presented the report required by statute and told the commission the GPC TIF area expires on Jan. 27, 2027, with the final year of revenue capture to be paid in 2028. "You no longer have any bonds outstanding. You've paid all those off early, so congratulations on that," he said, noting that with expiration the captured assessed value will flow back into the general tax base and help reduce tax rates.
Simler reviewed 2025–26 assessments for real and personal property tied to the GPC area. He reported facility assessment for 2025 at about $24,992,000 and equipment assessment in the $71–72 million range,…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
