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Carmel City leaders disagree on urgency of Midtown plan

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  • http://www.carmelchatter.com Rick Smith

    “At the same time, Brainard believes the city’s debt situation is solid.
    He believes the Umbaugh report is conservative because it doesn’t
    account for any increase in assessed value in TIF projections, which he
    says is unlikely.”

    We heard this exact same refrain from Umbaugh in 2010’s report. They stated with no growth TIF would be covered till 2023.

    It wasn’t accurate then and we had $200 million less in potential Special
    Benefits Tax Debt payable by the Taxpayers of the city.

    Question the veracity of the above statement watch the original footage.