Jasper Redevelopment Commission Reviews TIF Allocation for Horne Properties, Considers Funding for GJCS Tech Purchase

At their March meeting, the Jasper Redevelopment Commission approved a TIF allocation update and discussed future funding priorities. 

The Commission held a public hearing considering a confirmatory resolution regarding the Horne Allocation Area and related supplement to the Economic Development Plan Central Area. Originally, these parcels were part of the broader area with combined funding. Based on recommendations from Baker Tilly and legal counsel, the board considered a request to establish the Horne properties as a separate allocation area for the two parcels, but which would be in the Central area for development funding. This gives the maximum utililization and flexibility for each project. Adding the Horne property to the Central area TIF while maintaining its own allocation fund allows the city to manage the Horne accounting separately without impacting the existing obligations tied to the Central TIF. The Commission unanimously passed Resolution 2026-3 which was already approved by the Council at their last meeting. This established the Horne properties as a separate allocation area within the Central area TIF. Tracey Lorey, Superintendent of Greater Jasper Consolidated Schools, presented a funding request for educational technology investment. The proposal sought approximately $133,800 in support for an educational tech investment for Chromebooks for first and third grade students. 

The initiative is seen as an investment in future workforce readiness and community sustainability. Lorey also emphasized equitable access to technology, supporting early literacy, math instruction, and digital skills development. The RDC agreed to take the proposal under advisement and requested staff to analyze available funds and present a formal recommendation. Staff will analyze available TIF funds and prepare a formal funding recommendation for Commission consideration. 

The 2025 TIF Management Report was presented to the board, fulfilling the annual requirement. The four management areas covered were North Ridge, Central, Riverfront, and University Heights. The total revenues across all TIF areas were approximately $1.1 million. Total expenditures were approximately $5.8 million, with the bulk of those expenses coming from bond proceeds funding construction projects like the municipal pool. 

President Andrew Seger led a discussion about what options might be possible with upcoming TIF funds. He requested a summary document that would include committed funds, typical expenditures, and available discretionary funds. The commission also discussed the potential value of hosting an educational session to improve understanding of economic development incentives, TIF, and abatement tools. 

For more information on these and other updates, visit jasperindiana.gov or JasperGov-Indiana on Facebook.


 - By Drew Hasselbring