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Officials warn Greene County revenue tied to TIFs will shrink; commission approves annual gateway report
Summary
Financial advisor told the commission that roughly 88% of current revenue is tied to initial TIFs established in 2021 and will begin phasing out by 2030; the commission approved the annual gateway report and scheduled follow-up steps on increment retention.
The Greene County Redevelopment Commission accepted its annual gateway report and heard a cautionary financial outlook from financial advisor Jim Higgins, who said an estimated 88% of the commission’s current revenue is tied to tax-increment financing (TIF) arrangements established in 2021 that are scheduled to phase out by about 2030.
"About 88% of…
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