Council advances Colfax Corner/IDD financing after extended public comment and legal questions Council's Committee of the Whole recommended sending Bill 05‑26 (authorization for taxable economic development bonds and IDD designation for Colfax Corner) to full council with a favorable recommendation after presentations showing $154 million in projected investment and public testimony both supporting and urging more disclosure; opponents pressed for full agreement disclosure and legislative ratification.

The Common Council is poised to unlock a $154 million investment in the Colfax Corner redevelopment that promises to create over 400 jobs and transform downtown South Bend.

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South Bend investment manager reports $200M portfolio, council committee backs 2026 investment policy At a committee meeting, Source Bank’s chief investment officer told South Bend officials the city’s $200 million portfolio earned about $9.1 million last year and will likely see lower yields if the Federal Reserve cuts rates; the Personal & Finance Committee voted to send the annual investment policy resolution (Bill 26-01) to the full council with a favorable recommendation.

South Bend's $200 million investment portfolio earned over $9 million last year, but could face lower yields as the Federal Reserve hints at rate cuts!

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Council committee debates resolution to review SNAP/benefit response; forwards resolution to full council with no recommendation Councilmembers debated whether a formal resolution was necessary to convene a January session to review lessons from the recent SNAP/benefit disruption. After discussion and public comment, the committee forwarded the resolution to the full Council with no recommendation (committee split and final procedural vote 3–1 to send forward).

Councilmembers are gearing up for a critical January meeting to dissect recent disruptions in SNAP and other assistance programs—what lessons will emerge from this collaboration?

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