Senate committee supports redevelopment commission legislation

0

Members of the Senate Committee on Local Government voted 8-1 last week in favor of legislation authored by Sen. Luke Kenley (R-Noblesville) that would provide additional oversight and improve the transparency of redevelopment commissions in Indiana.

“Redevelopment commissions are important tools for economic development, but they shouldn’t be able to operate under veils of secrecy,” Kenley said. “There have been too many instances across the state of these commissions spending large sums of taxpayer money without proper public notice or proper review and approval by elected officials.”

Senate Bill 25 would require redevelopment commissions to gain approval by legislative or fiscal bodies of local units of government before using public funds, except for the acquisition of real property and where the payments are for three years or less,or the purchase price is less than $5 million.

Redevelopment commissions are quasi-agencies established by local units of government to assist in addressing conditions of blight in a community. The creation of a redevelopment commission comes with a special taxing unit and allows a property tax levy to be used for redevelopment purposes.

SB 25 now heads to the Senate for further action.


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Senate committee supports redevelopment commission legislation

0

Members of the Senate Committee on Local Government voted 8-1 last week in favor of legislation authored by Sen. Luke Kenley (R-Noblesville) that would provide additional oversight and improve the transparency of redevelopment commissions in Indiana.

“Redevelopment commissions are important tools for economic development, but they shouldn’t be able to operate under veils of secrecy,” Kenley said. “There have been too many instances across the state of these commissions spending large sums of taxpayer money without proper public notice or proper review and approval by elected officials.”

Senate Bill 25 would require redevelopment commissions to gain approval by legislative or fiscal bodies of local units of government before using public funds, except for the acquisition of real property and where the payments are for three years or less,or the purchase price is less than $5 million.

Redevelopment commissions are quasi-agencies established by local units of government to assist in addressing conditions of blight in a community. The creation of a redevelopment commission comes with a special taxing unit and allows a property tax levy to be used for redevelopment purposes.

SB 25 now heads to the Senate for further action.


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Stay CURRENT with our daily newsletter (M-F) and breaking news alerts delivered to your inbox for free!

Select list(s) to subscribe to



By submitting this form, you are consenting to receive marketing emails from: Current Publishing, 30 S. Range Line Road, Carmel, IN, 46032, https://www.youarecurrent.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact
Share.

Senate committee supports redevelopment commission legislation

0

Members of the Senate Committee on Local Government voted 8-1 last week in favor of legislation authored by Sen. Luke Kenley (R-Noblesville) that would provide additional oversight and improve the transparency of redevelopment commissions in Indiana.

“Redevelopment commissions are important tools for economic development, but they shouldn’t be able to operate under veils of secrecy,” Kenley said. “There have been too many instances across the state of these commissions spending large sums of taxpayer money without proper public notice or proper review and approval by elected officials.”

Senate Bill 25 would require redevelopment commissions to gain approval by legislative or fiscal bodies of local units of government before using public funds, except for the acquisition of real property and where the payments are for three years or less,or the purchase price is less than $5 million.

Redevelopment commissions are quasi-agencies established by local units of government to assist in addressing conditions of blight in a community. The creation of a redevelopment commission comes with a special taxing unit and allows a property tax levy to be used for redevelopment purposes.

SB 25 now heads to the Senate for further action.


Current Morning Briefing Logo

Stay CURRENT with our daily newsletter (M-F) and breaking news alerts delivered to your inbox for free!

Select list(s) to subscribe to



By submitting this form, you are consenting to receive marketing emails from: Current Publishing, 30 S. Range Line Road, Carmel, IN, 46032, https://www.youarecurrent.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact
Share.

Senate committee supports redevelopment commission legislation

0

Members of the Senate Committee on Local Government voted 8-1 last week in favor of legislation authored by Sen. Luke Kenley (R-Noblesville) that would provide additional oversight and improve the transparency of redevelopment commissions in Indiana.

“Redevelopment commissions are important tools for economic development, but they shouldn’t be able to operate under veils of secrecy,” Kenley said. “There have been too many instances across the state of these commissions spending large sums of taxpayer money without proper public notice or proper review and approval by elected officials.”

Senate Bill 25 would require redevelopment commissions to gain approval by legislative or fiscal bodies of local units of government before using public funds, except for the acquisition of real property and where the payments are for three years or less,or the purchase price is less than $5 million.

Redevelopment commissions are quasi-agencies established by local units of government to assist in addressing conditions of blight in a community. The creation of a redevelopment commission comes with a special taxing unit and allows a property tax levy to be used for redevelopment purposes.

SB 25 now heads to the Senate for further action.


Current Morning Briefing Logo

Stay CURRENT with our daily newsletter (M-F) and breaking news alerts delivered to your inbox for free!

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By submitting this form, you are consenting to receive marketing emails from: Current Publishing, 30 S. Range Line Road, Carmel, IN, 46032, https://www.youarecurrent.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact
Share.