Superintendent offers solution for anticipated loss of revenue

GREENFIELD — A new pot of money to revitalize downtown Greenfield could negatively impact Greenfield-Central Schools, G-C officials say, and they plan to voice concern at a March 12 public hearing.

On the table is a new Tax Increment Finance district for downtown Greenfield, which would capture property taxes on new commercial development in the downtown area for the next 25 years and put the money toward grants and revitalization projects.

The TIF district has been breezing through the public approval process so far. But officials with Greenfield-Central schools say while the plan wouldn’t affect current money in the school budget, it would cut them short of revenue in the future.

Superintendent Linda Gellert has one solution: give the schools a break on utility bills to make up for the revenue the schools will miss out on.

The full story is available to subscribers only.

Subscribers can read the entire story online by signing in here.

Not a subscriber? Become one today by clicking here.

All content copyright ©2015 Daily Reporter, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Click here to read our privacy policy.
Daily Reporter • 22 W. New Road • Greenfield, IN 46140 • (317) 462-5528