The Fishers City Council will be asked to approve an analysis of the fiscal impact of Tax Increment Financing (TIF) in the City of Fishers and the Hamilton Southeastern School District. Mayor Scott Fadness presented a preliminary version of the report, done by the independent firm of Policy Analytics, before a council panel.
Fadness said at the Jan. 15 City Council Finance Committee meeting that he sought an independent analysis to come up with accurate numbers on the fiscal impact of TIF locally. The mayor said he understands the political debate over whether economic development would have happened without the TIF incentive will not be impacted by this study, but he believes it is good to have reliable, accurate numbers when having that debate. You can read more about the mayor’s Jan. 15 presentation to the Finance Committee at this link.
The mayor is asking the city council to only endorse the numbers and analysis contained in the Policy Analytics report, not make a statement on TIF more generally.
You can read a copy of the Policy Analytics report up for council vote Monday night at this link.