The city of Warsaw will be hosting several public meetings later this month as they explore to create two residential Tax Increment Financing, or TIF, districts.
Officials said in a press release that the TIFs would promote new market rate workforce housing in Warsaw and Kosciusko County. A residential TIF district would enable Warsaw to collect taxes generated from new residential developments within the proposed district. That tax revenue is then used specifically and only for improvements within that district to provide growth and amenities to that area. TIF does not increase or change property taxes of existing properties within the district.
The proposed north district would include neighborhoods north of US 30 and the south district would include neighborhoods south of Kincade Street and some areas along the western shore of Winona Lake.
The first south meeting will be held Wednesday, October 16th at 5:30 PM at Eisenhower School, and the first north meeting on Thursday, October 17th at 5:30 PM at Harrison School.
