KPC Explains: Breaking down Kendallville's TIF picture
KENDALLVILLE â The Kendallville Redevelopment Commission is looking for its next projects to utilize the nearly $500,000 per year income the commission captures, but that revenue stream isnât permanent. The city will only have four more years of capturing around a half-million dollars before losing some of it, but for now the city can utilize those funds for projects anywhere along the Main Street and U.S. 6 corridors. If youâre unfamiliar with the cityâs tax increment financing (TIF) districts, weâll explain where that money comes from, where it can be used and how i...
Source: kpcnews.com