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Baker Tilly tells Decatur County officials allocation area remains funded through 2036; several local projects proposed
Summary
Kimber Makers of Baker Tilly presented the annual allocation-area (tax-increment) report, saying the area runs through 2036, reporting multi‑million dollar TIF receipts and $2 million in annual debt service, and identifying a set of proposed projects funded from excess revenues.
Kimber Makers of Baker Tilly told the Decatur County overlapping taxing districts at their annual meeting that the county’s allocation area — created after 2006 — does not expire until 2036 and is producing multi‑million dollar tax‑increment revenues that exceed current debt service.
The presentation, given by Makers with Sam Shrader of Baker Tilly, satisfied the requirement the consultants identified in the transcript as Indiana code "367258." Makers said estimated TIF receipts for pay 2025 were reported in the presentation and that actual collections closely matched the estimate; she said 2026 receipts are projected to be near the top of the $5 million–$6 million range the consultants showed. She described a drop in 2024 collections tied to abatements granted to the Honda plant and said collections have since rebounded.
Makers summarized outstanding obligations: the consultants listed Series 2008A bonds originally issued at $22 million with about $5.9 million currently outstanding and a final maturity date of Feb. 1, 2032. She said annual debt service is roughly $2 million while estimated TIF receipts are between $5 million and $6 million, leaving approximately $3 million to $4 million in excess annually that the county may allocate to capital projects.
According to the consultants’ slides, past TIF‑funded projects have included sewer and water infrastructure, an E‑911 system, road and bridge improvements, snow trucks, weather warning sirens, a cyber center and a biomed lab, and a level‑three preschool. For anticipated spending, the county and consultants listed proposed expenditures including a storage facility, sports complex, community building, aquatic center, a parochial (Catholic) school, and a preschool. Makers said those estimates still leave a projected positive cash balance through 2026.
The presentation closed with an invitation for questions; none were taken during the meeting and the chair said the consultants had satisfied the annual meeting requirement. The consultants remained available for follow‑up contact as noted in their remarks.
