City of Portage, Indiana

Redevelopment Commission

ABOUT TAX INCREMENT FINANCING

Tax Increment Financing (TIF) is a type of financing that permits local governments to finance the redevelopment of blighted areas and the economic development of rapidly developing areas. The Portage Redevelopment Commission relies on TIF revenue to implement projects that create or enhance the economic viability of our city. 

Tax increment is the property tax revenues collected on the increased assessed valuation of property in the area to be redeveloped or developed. Tax increment financing not only permits the acquisition of property for purposes of redevelopment or economic development but also provides another means for communities to finance infrastructure improvements in a blighted area or an economic development area.

TIF's are a popular means of financing local public investment intended to stimulate private sector investment and job creation, principally through infrastructure improvements. Presently, TIF's are used by local governments in 49 states. 

RESOURCES

Redevelopment Commission - 2018  Annual Report 
Allocation Area (TIF) Map
Porter County GIS Map 

COMMISSION MEMBERS

Redevelopment Commission meets the 4th Thursday of Every Month at 4:00pm. Meetings are held at Woodland Park.

1 year term, 5 members:  3 appointed by Mayor, 2 appointed by Council

Sue Lynch - Mayor                                  

Ralph Mundt - Mayor

Greg Lach- Mayor

Collin Czilli - Council

Allen Ekdahl - Council

Shaunna Finley - School Board

Dan I Whitten Legal Counsel

Staff and Advisors  
Lynn Reed - Secretary-Treasurer
Dan I. Whitten - Attorney  

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