WARSAW — Warsaw Community Schools Board of School Trustees will hold a meeting at 7:15 p.m. Monday, Nov. 25, regarding the potential impact of residential TIFs on WCS and the Warsaw area.
During its Nov. 12 meeting, the school board discussed a meeting they planned to have with Mayor Joe Thallemer, Plan Director Jeremy Skinner and a representative of Baker Tilly in regards to the establishment of two residential TIF districts.
“Residential TIFs are very new in Indiana,” said WCS Superintendent Dr. David Hoffert. “The school board has to approve this. There could be impacts on funding and revenue sources for the school corporation that go along with the residential TIFs.”
The city of Warsaw has held several public meetings to discuss the creation of two proposed residential TIF districts in Warsaw. The proposal follows a new state law that allows taxing units to create tax increment finance districts to help boost residential development. Establishing TIF districts would allow the city to capture new property tax revenue and use it to provide infrastructure for residential development.
“Mayor Thallemer said the goal of these TIFs is to create housing in our community,” said Board President Heather Reichenbach.
Hoffert said one TIF affects the Park Ridge area in the Eisenhower Elementary School district, while the second TIF would affect the Husky Trail area near Harrison Elementary School.
“Both of the areas are very large geographic areas inside of the Warsaw community,” said Hoffert. “These definitely are potential residential spots over the next 20 years.”