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Brownsburg council delays vote on TIF support for schools, seeks joint meeting with RDC
Summary
Council moved to table Resolution 2026-67 to the May 14 meeting and asked for a joint town council–Redevelopment Commission meeting after council president detailed differing TIF calculations, the commission's $555,000 offer and the school’s $1.3 million request amid statewide revenue changes from HB 1454 and SEA 1.
The Town of Brownsburg Town Council voted April 23 to table consideration of Resolution 2026-67, a proposal connected to redevelopment-commission (RDC) funding for Brownsburg Community School Corporation (BCSC), and asked staff to schedule a joint meeting with the RDC before the council reconvenes on May 14.
Council President Lacey opened the discussion by laying out the fiscal context and differences in TIF (tax increment financing) calculations. She said the school used $9,333,686 as its 2025 revenue figure while the actual 2025 TIF collections were $8,911,761 and that a strict 15% calculation could yield a theoretical maximum near $1,336,716.76. “The commission has offered a lesser number of $555,000 at this time,” Lacey said, arguing that current debt service, required coverage levels and pending…
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