<body><div><figure><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=09jfX1_1GzgLC1W00" alt="https://img.particlenews.com/image.php?url=09jfX1_1GzgLC1W00" width="1499" height="997" ><figcaption>Members of the Winona Lake Redevelopment Commission pictured at a meeting Tuesday, Nov. 10 (L to R) are Dennis Daniels, Alan Alderfer and Nick Hauck.</figcaption></figure>WINONA LAKE - Winona Lake Redevelopment Commission met Tuesday, Nov. 10 to go over the spending plan for 2027.According to Adam Stone, of Stone Municipal Group, who prepared the plan, the plan is based on yearly budgets, assessed values and commission activities.“This is not a commitment to spend money,” he said. The amounts listed in the plan are the maximum that can be spent before an amendment is required.As outlined in Stone’s presentation, the largest spending category in the 2027 spending plan is debt repayments, with $656,315 in planned expenditures. According to Town Manager Adam Lohn, this emphasis on repayment is in preparation for upcoming property tax cuts.“Right now the primary focus has been debt servicing with the changes that we know are coming with SEA 1, the new bill. We’re trying to position the town to have as minimal amount of debt going into that uncertainty as possible,” Lohn said.The commission’s outstanding debt is related to two previous projects, the Sunset Pavilion and a water main that had to be run along CR 250 to allow for a residential expansion to the area.“The town took on some debt a number of years ago to pay for those projects. … There are some small projects we’ve discussed, but nothing of any notable expense or size right now,” Lohn said. “When you have to put in a larger water main like that, it’s generally on the developer on the municipal body to fund that. Indiana American Water is not going to pay for that, necessarily.”There are also $5,000 in professional expenses included in the plan. No spending on capital improvements or operating expenses related to the police or fire department is planned for 2027.Stone also went over the estimated revenue from two tax increment financing districts, from which Winona Lake receives an allocation. Estimated total TIF revenue for 2027 is $717,659, up from an estimated $609,551 for 2026. The second half of 2026’s TIF funds will be disbursed in December, so actual revenue will become known then.The town of Winona Lake, which has a $0.5269 per $100 of assessed valuation tax rate, is expected to receive a total of $220,461 in allocated TIF revenue in 2027.The commission voted to approve the 2027 spending plan.This was the last Winona Lake Redevelopment Commission meeting for 2026.</div></body>

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WINONA LAKE - Winona Lake Redevelopment Commission met Tuesday, Nov. 10 to go over the spending plan for 2027. According to Adam Stone, of Stone Municipal Group, who prepared the plan, the plan is based on yearly budgets, assessed values and commission activities. “This is not a commitment to spend...

Winona Lake Redevelopment Approves 2027 Spending Plan

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WINONA LAKE - Winona Lake Redevelopment Commission met Tuesday, Nov. 10 to go over the spending plan for 2027. According to Adam Stone, of Stone Municipal 

Winona Lake Redevelopment Approves 2027 Spending Plan

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