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Paris council readopts citywide residential reinvestment zone to preserve tax-abatement authority
Summary
City staff told the council that the citywide residential Reinvestment Zone was being readopted as '2020-1' so Paris can continue to grant residential tax abatements; councilors asked about eligibility, outreach and historic usage before approving the readoption following a public hearing.
The Paris City Council on Feb. 10 readopted a citywide residential Reinvestment Zone, renamed Reinvestment Zone 2020‑1, preserving the council's authority to grant residential tax abatements.
Steph, a city staff member who presented the item, told the council the original reinvestment zone was adopted in 2013 and expanded in 2015, and that those earlier zones had five‑year terms that have since expired. She said the city granted seven abatements in 2015 but has had few…
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