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Redevelopment commission hears annual TIF briefing, 2026 revenue outlook
Summary
Baker Tilly consultant Sam Schroeder walked the Clarksville Redevelopment Commission through TIF mechanics, district boundaries and near-term revenue forecasts, estimating roughly $9.6 million in TIF receipts for 2026 and highlighting legislative deductions through 2031.
Sam Schroeder of Baker Tilly gave the commission a step-by-step review of how tax-increment financing (TIF) works in Clarksville and where increment revenue can be spent. Schroeder told commissioners that the district captures growth above a base assessed value and that Clarksville’s legacy commercial allocation has captured substantial assessed value: “about $354,000,000 of assessed value while also contributing ... $144,000,000 of base assessed value.” He said those bases are what overlapping taxing units continue to receive while incremental growth funds redevelopment projects.
Schroeder also presented near-term revenue estimates and legislative context. He said 2026 TIF revenue is conservatively estimated at about $9,600,000 and that changes from SEA-1 enacted last year will cause some deductions through 2031, reducing receipts until the phase-in completes. He emphasized that allocation and economic-development-area boundaries need not match and described the role of minimum taxpayer agreements and pledged obligations in mitigating short-term risk.
