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Council discusses annexation, tax abatements and utility extension to attract investment
3087219 · April 23, 2025
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Summary
Lake City council members discussed annexation, tax abatement programs, utility extensions and a potential small-business incubator as incentives to spur economic development; no incentive package was adopted.
Lake City council members discussed a range of economic-development incentives during a budget workshop, including annexation, targeted tax abatements, extension of sewer and water utilities, and a city-led business incubator aimed at supporting local entrepreneurs.
Councilman Carter said annexation and extending utilities to…
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