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Brownsburg RDC approves resolution 2026-03 to hold TIF increments, no pass-through to taxing units
Summary
The Redevelopment Commission approved Resolution 2026-03 determining there is no excess incremental assessed valuation to release to taxing units and recommended retaining incremental revenues to cover debt service and future projects (voice vote 3-0).
The Town of Brownsburg Redevelopment Commission voted unanimously to approve Resolution 2026-03, determining the commission will capture incremental assessed valuation in its allocation areas (with the exception noted elsewhere for Wind/Wynne Farms) and that no amounts will be passed through to other taxing units for the 2026 determination.
Mr. Pierce, presenting the measure, said the recommendation reflects the town's need to cover existing debt service payments and fund future projects: "we are recommending that the RDC approve that resolution with no dollars passed through." A motion to approve was made and seconded, and the commission approved the resolution by voice vote (3-0). The approval formalizes the RDC's annual finding under state law that no excess assessed value is available for release in the listed allocation areas.
Commissioners did not attach additional conditions during the vote. The decision follows the earlier consultant presentation noting an $800,000 commitment that could affect planned expenditures and a need to monitor incoming TIF distributions expected in June.
