Baker Tilly presents annual TIF report: $11.8M projected revenue in 2026, bonds and appeal risks explained

Jason Sinner of Baker Tilly gave the commission a detailed annual TIF report covering Mount Comfort North, West, GDI and other allocation areas, outstanding bond obligations and revenue projections. He said the 2026 tax‑increment collection is projected at about $11.8 million and that 2027 is projected to increase to about $12.3 million under current assumptions.

Sinner highlighted that the county does not capture personal property in most TIF areas (reducing the county’s direct capture of some industrial equipment assessments) and that the report builds a 10% conservative reduction to account for outstanding taxpayer appeals. He described the 2025 Amplify bonds (about $44 million principal outstanding) and noted principal payments on new bonds are timed relative to earlier maturities. Commissioners and staff discussed appeals, abatements rolling off, and how abatements and future assessments can affect both the county tax rate and TIF capture.

Why this matters: the report sets the county’s near‑term capital and bond planning expectations and lays out how appeals, abatements and new development (including a Walmart expansion) alter cash flow assumptions for projects the RDC funds.