The Goshen City Council became the first governmental body in Elkhart County to adopt a uniform policy for tax phase-ins when it passed the ordinance Tuesday night (May 21).
As reported by The Elkhart Truth, the Elkhart County Intergovernmental Forum recommended governing bodies within the county to work toward establishing a policy and standards regarding property tax abatements and applications.
Tuesday was the first time the policy went before a governing body for consideration, but the policy will be reviewed in the near future in Elkhart, Nappanee and other towns and cities in the area.
Mark Brinson, the director of Goshen’s Community Development Department, said there were three goals in setting up a county-wide policy for tax phase-ins.
The overarching goal was to deal with abatements in a uniform way that would feature a single application, fee structure and general policy.
The second goal was to make sure tax increment financing (TIF) revenues were not negatively affected.
“TIF revenues are becoming more and more important as a way of funding infrastructure and we look at that as economic development in Elkhart County,” Brinson explained.
To read the entire article in The Elkhart Truth click here.