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Gahanna tax-incentive review council recommends continuation of post-1994 abatements
Summary
The cityreported TERC found all current abatements in compliance and recommended continuing them unchanged for tax year 2023; staff provided summary job and payroll figures showing commitments were met or exceeded.
The Director of Economic Development reported to the committee of the whole on Aug. 11 that the Tax Incentive Review Council (TERC) recommended continuation of all post-1994 property tax abatements in effect for tax year 2023.
The director said, "All abatements were found to be in compliance by TERC. They recommended the continuation of all of the post '94 abatements in effect." The presentation summarized TERC's role as required by the Revised Code and noted TERC is composed of representatives of taxing entities in impacted areas.
Why it matters: Council must annually adopt legislation to…
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