The Vincennes Redevelopment Commission has signed off on its 2025 spending plan, meeting a new state requirement. The $2.3 million plan covers debt payments, capital expenses, and a reserve for unexpected projects.
The Commission voted unanimously to accept the plan at their regular monthly meeting on Thursday.
Debt payments total close to $1.2 million, and nearly $1 million is set aside for capital improvements. Another $250,000 is reserved for future needs to avoid frequent plan changes.
Officials say the plan is flexible—adjustments can be made with a resolution if needed. The spending plan, approved unanimously, now heads to the state by the December 1 deadline.