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LaPorte school board approves agreement to receive Microsoft tax revenue for education programs
Summary
The LaPorte Community School Corp board unanimously approved a resolution to accept a new agreement under which Microsoft would pay property taxes in full and the La Porte Redevelopment Commission would allocate 15% of that revenue to the district for 20 years; payments depend on assessment and are expected to begin in 2028 with a larger payment in 2029.
The LaPorte Community School Corp board on March 3 approved a resolution accepting a new tax-revenue agreement tied to Microsoft’s planned data center, voting 7-0 to formalize a structure that will have Microsoft pay property taxes in full and direct 15% of the resulting revenue to the district for 20 years.
The measure, introduced as new business at the special meeting, replaces an earlier pilot tax (PILOT) structure and was described by Dr. Wood as “significantly more favorable to the district” and as creating “an extraordinary opportunity for long…
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