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Young County signs engagement with CapEx Resource Group to review proposed solar abatement; public raises tax and valuation concerns
Summary
County staff signed an engagement letter with CapEx Resource Group to analyze a proposed tax abatement for the Titus Tabadares solar project; commissioners and residents debated whether an abatement would yield more revenue or reduce taxpayers' burdens.
Young County has signed an engagement letter with CapEx Resource Group to evaluate a proposed tax abatement tied to a large solar project proposed by Titus Tabadares, county staff told the commissioners court.
A county staff member said the consultant is "officially on the job," has requested documents including the abatement application and county abatement criteria, and will present proposed changes to the county's abatement policy. The staff member added CapEx requested a kickoff meeting and could appear in person next week.
Commissioner Bradley, who led an extended discussion, said the consultant flagged a major valuation issue: "they are underbidding themselves on the value of it by nearly 200,000,000," and that CapEx believes the taxable value could…
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