The Racine Common Council meeting on March 7, 2025, spotlighted a significant move to secure tax credits for the Lincoln King Community Center through a professional service agreement with Baker Tilly Advisory Group LP. The council unanimously approved the recommendation, aiming to determine, preserve, enhance, and claim the IRA 2020-2022 tax credits.

During the discussion, concerns were raised about the potential impact of recent executive orders on clean energy funding and the uncertainty surrounding future funding policies. A council member questioned the contingency plans in place if these tax credits were reduced or eliminated, highlighting the importance of safeguarding the city’s interests.

Doug Baldserra from Baker Tilly addressed these concerns, clarifying that changes to the tax credits would require an act of Congress, meaning executive orders would not directly affect them. He reassured the council that the firm has strategies in place to maximize the credits and that the city could lock in these benefits by meeting specific IRS requirements.

Baldserra emphasized the historical stability of these tax credits, stating that if construction begins as required, the city would remain eligible for the credits even if future laws change. He also noted that the contract with Baker Tilly is flexible, allowing the city to cancel at any time while only paying for services rendered up to that point.

This proactive approach aims to secure vital funding for the community center, ensuring that Racine can navigate the complexities of federal tax policies effectively. The council's decision marks a crucial step in advancing the project, with expectations for continued collaboration with Baker Tilly to safeguard the city's financial interests.