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Rush County approves amendment to 2021 economic development agreement to tie payments to assessed value
Summary
County staff presented and commissioners approved an amendment to a 2021 economic development agreement that replaces earlier payment estimates with payments based on actual assessed values and tax rates starting in 2026; staff said the change could increase county EDA receipts and preserve company tax savings.
Rush County commissioners approved an amendment to a 2021 economic development agreement (EDA) to revise the payment schedule so payments are based on actual assessed value and tax rates beginning in 2026. Erin Hanson, introduced in the meeting as property tax manager, told commissioners the original agreement used assumptions and estimates about project costs; because actual costs came in higher than anticipated, the amendment will switch the EDA payment to…
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