## What happened
The Redevelopment Commission's required annual report to the council showed the downtown (CBD) tax-increment-financing area spent about $46,494 more than it collected in 2025, because the city issued bonds for the downtown hotel project before the hotel was built — so that TIF area isn't collecting hotel-related tax revenue yet. The presentation was delivered by a staffer identified only as "Jason" (probable identification; surname not recoverable), thanked by name by a councilperson closing the Q&A. Councilperson Tammy Boland also asked why the commission's expenditures list "employees" when the commission itself has no staff; staff explained that part of the salaries of city employees working specifically on TIF-funded capital projects gets paid from TIF money.

## Who it affects
Anyone living in a Terre Haute TIF district, and anyone tracking whether the downtown hotel project's financing is on track — the shortfall is being covered from that TIF area's own reserve, not from other city funds.

## The outcome
No vote was required; this is a statutory annual financial disclosure the Redevelopment Commission must file with the state and present to the council. The council received it without objection.

## Sources
- [Councilperson Boland asks about TIF-funded employees, 28:22](https://www.youtube.com/watch?v=Eq4qy8aR1Ac&t=1702)
- [Staff explains TIF-funded staff salaries, 28:40](https://www.youtube.com/watch?v=Eq4qy8aR1Ac&t=1720)
- [Councilperson Hinton asks about the CBD TIF shortfall, 29:23](https://www.youtube.com/watch?v=Eq4qy8aR1Ac&t=1763)
- [Staff explains the downtown hotel bond gap, 29:44](https://www.youtube.com/watch?v=Eq4qy8aR1Ac&t=1784)
- [Councilperson thanks the presenter by name, 30:20](https://www.youtube.com/watch?v=Eq4qy8aR1Ac&t=1820)

*Also known as: TIF report · tax increment financing · Redevelopment Commission annual report · CBD TIF · downtown hotel TIF · Terre Haute tax increment financing districts*