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Proposed TIF Plan Budgets <br />• Election of Option A or B has significant impact on <br />TIF Plan Budget <br />• The TIF Plan Budget provides the authority for <br />expenditures totaling those amounts, but does not <br />require the expenditure of those amounts <br />• Under current statute the City will be able to adjust <br />individual line -items without a public hearing, <br />provided the total budget amount is not increased <br />• A public hearing would be required to increase the <br />total budget from the approved amount <br />Public Sector Advisors Springsted <br />