The statute over Redevelopment Commissions and the use of Tax Increment Financing is found in IC 36 -7-14.

Nashville, Indiana – TIF-Economic-Development-Plans

• “Based on the assumption that the Redevelopment Commission could receive $4,000,000 in increment over the life of the Tax Increment Financing area, the Commission could spend approximately $4,000,000 on infrastructure in or serving the area.” (pg 30)

Apr 7, 2021. Facebook – Brown County Matters – Nashville RDC Meeting.

• Nashville Redevelopment Commission RDC) Meeting. April 6, 2021 5:30 pm.  Nashville’s Tax Increment Financing (TIF) plans were briefly reviewed.  Note:  “Indiana law now makes clear that TIF is intended to fund infrastructure to promote development that would not occur but for the added infrastructure financed by the TIF revenues. Evidence that the development would not happen
  but for the establishment of the TIF district must be presented before the TIF district is approved.”
• Ed Curtin (Nashville consultant) confirmed that they have not received any formal requests for subsidies from any developers. In the past, Hard Truth Hills has not asked for a subsidy.
• The “So What?”  A TIF directs the increases in property tax revenue from development to the Nashville RDC and not the county. The RDC borrows money to fund infrastructure with the assumption that the investment in infrastructure will generate sufficient funds to make payments on the loan (s).
• The residential TIF was also discussed. By law, the Schools are required to be involved in the plans. In the larger counties such as Hamilton, plans for residential developments can lead to a need for additional schools – thus  the need to keep schools involved. Brown County Schools have the capacity to accommodate the projected growth in housing.

Apr 6, 2021. BCD. Making it happen: New Nashville neighborhood under construction as TIF talk progresses.

Mar 2, 2021. BCD. Town proposes changes to TIF areas  By Sara Clifford

• Mar 2, 2021.  Town starting process of creating a comprehensive plan, By Sara Clifford
• Nashville Sanitary Sewer Master Plan July 15, 2020 (173 pages)

• The Nashville Redevelopment Commission has put together an economic plan and declaratory resolution which will go to the Brown County Area Plan Commission this week for approval, then to the Nashville Town Council as early as March.
• If the documents pass those two steps, they would go back to the redevelopment commission for a confirmatory resolution.

The Use of Tax Increment Finance by Indiana Local Governments, Larry DeBoer
Department of Agricultural Economics Purdue University

• Indiana law now makes clear that TIF is intended to fund infrastructure to promote development that would not occur but for the added infrastructure financed by the TIF revenues. Evidence that the development would not happen
  but for the establishment of the TIF district must be presented before
  the TIF district is approved.