Doug Ross
Times Correspondent
MICHIGAN CITY â Tax increment financing districts are a savings to taxpayers, City Council members and Redevelopment Commission members were told recently.
The discussion came amid tensions between council members and the RDC.
âWithout TIF, our tax rate would go up. The people in Michigan City would pay a higher tax rate,â RDC President Chris Chatfield said.
The cityâs tax rate would be increased 64 cents without the TIF if all of the projects currently being undertaken were to continue, said Any Mouser, financial adviser to the RDC.
Mouser and Randy Rompola, an expert in TIF law, gave the council and RDC some training in TIF districts.