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RDC continues 50%/50% split for Wynne Farms allocation area for 2027
Summary
The Redevelopment Commission approved Resolution 2026-04 to continue the Wynne Farms allocation area's prior arrangement where the town collects 50% of increased assessed value and the remaining 50% is released to taxing units; the measure passed 3-0.
Commissioners voted to continue a longstanding split for the Wynne Farms allocation area that has the town collecting 50% of increased assessed value and releasing the other 50% to other taxing units.
Mr. Pierce explained the Wynne Farms allocation was created with that 50/50 condition and that approval of Resolution 2026-04 would continue the approach for the 2027 budget year: "When the Wynne Farms allocation area was created it was created with the condition that the town would only collect 50% of the increased assessed value generated there. The remaining 50% is released to the other taxing units." A motion to approve the resolution was made, seconded, and approved by voice vote (3-0). The approval formalizes the continuation of the split for the upcoming budget year.
Commissioners recorded no additional changes to the Wynne Farms condition during the meeting; staff noted they will proceed with the routine documentation and filings associated with the resolution.
