Annual Redevelopment Commission Report Given To County Officials
May 6, 2025 at 6:54 p.m.
Per Indiana code, the Kosciusko County Redevelopment Commission is to report to the county commissioners and council on the balances of the county’s tax increment financing (TIF) districts.
County Auditor Alyssa Schmucker gave that annual report to the commissioners Tuesday morning. The council meets Thursday evening.
There are eight TIF areas in Kosciusko County.
The Dreyfus TIF has a bond fund and a cash fund, Schmucker reported. The bond fund balance is $563,120.93 and there is an outstanding bond of $878,058 that’s anticipated to be paid for in 2026. The cash fund has a balance of $425,100.34.
The Van Buren (Maple Leaf) TIF has a balance of $444,754.69.
The Leesburg TIF has a balance of $278,754.75.
The Trupointe TIF also has a bond, she said. The balance in that fund is $165,422.15. The bond is estimated to be paid off in 2027, with the remaining balance of $111,000.
The Co-op (Mentone) TIF has a balance of $694,632.29, while the 30 West TIF has a balance of $413,163.64.
“We have two TIFs that have collected no money. That is the South Shore Residential TIF and the Etna Green Residential TIF,” Schmucker said.
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Per Indiana code, the Kosciusko County Redevelopment Commission is to report to the county commissioners and council on the balances of the county’s tax increment financing (TIF) districts.
County Auditor Alyssa Schmucker gave that annual report to the commissioners Tuesday morning. The council meets Thursday evening.
There are eight TIF areas in Kosciusko County.
The Dreyfus TIF has a bond fund and a cash fund, Schmucker reported. The bond fund balance is $563,120.93 and there is an outstanding bond of $878,058 that’s anticipated to be paid for in 2026. The cash fund has a balance of $425,100.34.
The Van Buren (Maple Leaf) TIF has a balance of $444,754.69.
The Leesburg TIF has a balance of $278,754.75.
The Trupointe TIF also has a bond, she said. The balance in that fund is $165,422.15. The bond is estimated to be paid off in 2027, with the remaining balance of $111,000.
The Co-op (Mentone) TIF has a balance of $694,632.29, while the 30 West TIF has a balance of $413,163.64.
“We have two TIFs that have collected no money. That is the South Shore Residential TIF and the Etna Green Residential TIF,” Schmucker said.