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Council adopts 15% school support fee for extended enterprise‑zone exemptions

2658823 · January 21, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Council approved a 15% school support fee for years four and five of extended enterprise‑zone property tax exemptions. The fee (recommended by affected school districts) will be administered by the school districts; several operational questions about collection remain unresolved.

City staff presented a resolution for the council to adopt a 15% school support fee that applies to extended (four‑ and five‑year) Enterprise Zone property tax exemptions. The resolution implements a state rule requiring a school support fee if the city wants to continue offering the extended (4‑ or 5‑year) exemptions beyond the standard 3‑year exemption period.

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