Special tax districts created to help redevelop economically depressed areas will expire as soon as 2025 and many Indiana cities are woried about the revenue they'll lose. Under current law, districts created before July 1, 1995 never expire. A new law taking effect July 1st requires all legacy TIF districts to expire in 2025, unless they are repaying bonds issued before July 1, 2015. Lawmakers say many communities have used the districts as slush funds for lavish projects.
