The Vincennes Redevelopment Commission has agreed to a continuing resolution to hold revenues from its TIF areas to meet its obligations. The document was presented by Reedy Financial.
The resolution continues similar measures passed over the years. 2026 will be the final year for a large part of Hart Street to be a TIF zone; some other added areas will still be in the zone as late as 2036. Reedy officials estimate the Hart Street tax-increment financing zone will bring in around 512 thousand dollars for the R-D-C next year.
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