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Baker Tilly warns new law could cut TIF revenues if county misses June 15 notices
Summary
Baker Tilly presented Delaware County’s annual TIF management report, noting 27 county allocation areas and 11 bond issues; a new state law (House Enrolled Act 1210) imposes an automatic 5% pass‑through if counties do not file required notice by June 15, which could reduce TIF revenue for some areas.
Matt Eckerley of Baker Tilly presented the annual tax increment financing (TIF) management report, a required year‑end accounting of allocation area revenues, expenditures and bond debt service. The presentation summarized 27 county allocation areas under the county’s jurisdiction, year‑end fund balances and the redevelopment commission’s capital and debt activity across 11 bond issues.
Eckerle…
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