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Kosciusko County Council adopts new tax-abatement policy and ordinance to standardize review
Summary
The council approved a revamped tax-abatement policy and enacted an abatement ordinance designed to standardize evaluation with a points-based scorecard for KEDCO and the auditor, retaining council flexibility for exceptional projects.
Kosciusko County Council members on Dec. 11 adopted a revised tax-abatement policy and an accompanying ordinance intended to replace a previously vague process with a more standardized, scorecard-driven approach.
A council committee member who led the effort said the policy was developed after reviewing neighboring counties’ economic development documents and tailoring a tool to the county’s size. "First off, I wanna ... let people know that a tax abatement does not diminish the taxing district's existing tax revenue," the presenter said, adding that abatements…
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