Friday, April 18, 2014

Herald-Times Reports Bloomington Owes Monroe County Over TIF

From the Bloomington Herald-Times:

There’s a final number for the amount of money the city of Bloomington owes Monroe County’s Westside or Richland Tax Increment Financing District: $440,191.70. Now the question is, when that money will be collected?

The Monroe County Redevelopment Commission received a final report from Financial Solutions Group, Inc., which provides the annual reports for all three of the county’s TIF districts. The report states that between 2009 and 2013, money was incorrectly divided for six parcels in the Westside TIF District.