Highland 2017 Redevelopment Report

Presented here is the complete report of the Highland, IN Redevelopment Commission for 2017.  These documents are supposed to be on the Indiana Gateway but the site has not been updated since the selection of Eric Holcomb as Governor by the Indiana Republican Party in 2016.

The Redevelopment Report is required to be presented to the executive (Mayor or Town Manager) and the legislative body of a municipality each year.  It is filed with the Indiana Department of Local Government Finance but is not readily available online from either source.  The Gazette presents the documents in their entirety for public review and for reference for future articles.

Highland, Indiana has three tax increment financing districts with a total of 814 parcels of real estate included.  These parcels have a gross assessed valuation of $253,989,500.00.  The incremental valuation, the amount on which redevelopment receives the taxes, is $34,343,571.00.  The total property tax revenue received by the Redevelopment Commission in 2017 was $956,099.88.  Total expenses were $306,034.00 and the largest single expenditure was for professional services, $115,299.29 or 36.7% of expenditures.  Redevelopment carried forward a balance of $2,385,146.59.

HighlandRDC2017

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