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Merrillville redevelopment commission ratifies 100% TIF capture for 2027
Summary
The Merrillville Redevelopment Commission unanimously ratified Resolution 2603 on June 23, approving capture of 100% of incremental assessed value to create a tax increment finance (TIF) district for 2027 and confirming a prior Gateway filing required by state oversight.
The Merrillville Redevelopment Commission voted on June 23 to ratify Resolution 2603, authorizing the commission to capture 100% of the incremental assessed value for creation of a tax increment financing district in 2027.
The commission’s consultant explained the action was procedural and required by state oversight bodies. “We want to capture 100% of the incremental assessed value to create your TIF for next year,” the consultant said, noting the legislature and the Department of Local Government Finance require redevelopment commissions to notify county auditors and impacted taxing units and to upload the selection to Gateway by the filing deadline.
Commissioner Marjie Usalec moved to approve Resolution 2603 and Commissioner Shawna Haynes-Edwards seconded the motion. After confirmation from the board, the commission approved the ratification by voice vote.
The vote ratifies a prior Gateway submission the commission made by the statutory deadline and preserves the commission’s chosen capture level for the upcoming tax year. The consultant told commissioners this is a routine annual action; many jurisdictions elect to capture the full incremental assessed value to fund TIF projects.
The commission did not amend the capture percentage during the meeting. The resolution will be communicated to the county auditor and other affected taxing units as required by state procedure.
