Areas fronted by the Hoosier Heartland Highway remain in the new plans, as city officials have said the positive economic impact the highway is expected to create is a reason behind wanting to include these areas in the city.
Because the land has been reduced, so too have the taxes annexation was originally projected to bring in.
In the report based off of the original plans, projected property tax collections for the annexation areas for 2013 totaled at $426,092. The reduction cut the projection down to $146,714.
Shaver said he met with all city department heads to determine how their projected costs of services would change after the reduction.
The original plan estimated the total annual cost of city services to the proposed annexation areas to be between $217,000 and $272,000. Despite the loss of more than half of its projected tax revenue, the projected cost of city services after reduction is comparable to the original plan, even surpassing the estimated high cost, at $209,000 to $291,000.
The council will vote whether to adopt the fiscal plan Aug. 6.
Mitchell Kirk is a staff reporter at the Pharos-Tribune. He can be reached at 574-732-5130 or email@example.com.