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DeKalb County redevelopment commission keeps TIF dollars for two districts, passes through SDI
Summary
The DeKalb County Redevelopment Commission voted May 13 to retain 100% of assessed value (no pass‑through) for the American Heritage Village and New Millennium TIF districts and to pass through 100% of SDI, after an annual TIF briefing from Baker Tilly and public comment from the Garrett Public Library director.
At its May 13 meeting the DeKalb County Redevelopment Commission heard an annual TIF briefing from Baker Tilly Municipal Advisors and then voted to retain 100% of assessed value for the American Heritage Village and New Millennium tax increment financing (TIF) districts while passing through 100% of SDI.
Greg Balsano of Baker Tilly opened the presentation, explaining that TIF (tax increment financing) captures the incremental assessed value (AV) in a designated area and that commissions must decide before June 15 whether to ‘pass through’ AV to overlapping taxing units. “You can pass through any percentage. So it can be 100%. It can be 0%,” Balsano said during the presentation.
Balsano reviewed how TIF works, the typical legal steps to create or amend an economic development area (declaratory resolution, planning commission review, legislative approval), and the typical life cycle for TIF…
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