Clarksville RDC Approves $400,000 Donation to Local Schools

School logos

CLARKSVILLE, IN (February 29, 2024) – Several Clarksville schools are getting some extra assistance from the Clarksville Redevelopment Commission (RDC).  During its monthly meeting in February, the RDC approved the disbursement of $400,000 to be split among Clarksville Community Schools, Greater Clark County Schools (Parkwood Elementary), Providence High School, and St. Anthony of Padua School.  The money will come from the commission’s TIF (Tax Increment Financing) funds.  TIF is a value capture revenue tool that uses taxes on future gains in real estate values to pay for new infrastructure improvements.

According the a resolution passed by the Redevelopment Commission, the $400,000 in TIF funds are awarded annually because the commission believes, “the proper education of students is workforce development which prepares students to participate in the competitive and global economy.”  Each school is awarded an amount determined by how many of its’ students live in Clarksville’s 47129 area code.  This year’s donation per student was just under $264.

School Fund