From the Northwest Indiana Times:
"Stuart Summers, executive director of the city's Redevelopment Commission, said an analysis done by financial consultant Carl Cender showed the impact of tax caps on schools is about $1.8 million for 2012. If the commission decided to release $100 million of the $190 million in assessed value from the Center Township TIF districts so property taxes would go to schools and other taxing entities, it would reduce the impact by about $589,000, but none of that would go to the general fund."
Read more: http://www.nwitimes.com/news/local/porter/valparaiso/tif-funds-won-t-solve-shortfall-in-valparaiso-schools-budget/article_768120c0-8f9c-5fe8-857f-2ca1c7cd3f63.html#ixzz1ncrBzUiC
