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Microsoft to pay full taxes in La Porte; redevelopment commission will allocate 15% to school district
Summary
La Porte officials say a newly adopted agreement requires Microsoft to pay full real and personal property taxes and directs the city's redevelopment commission to channel 15% of those revenues to LaPorte Community School Corp; officials say revenues depend on future assessments and a multi-year buildout.
Sandra Wood, superintendent of LaPorte Community School Corp, and La Porte Mayor Tom Dermody joined Bert Cook, executive director of the La Porte Economic Advancement Partnership, on the district podcast to explain a new agreement with Microsoft announced earlier the same day.
The new arrangement, Cook said, ends the district's earlier June 2024 pilot arrangement and requires Microsoft to pay full taxes on both real property and personal property. Cook said the redevelopment commission has agreed to direct 15% of the tax revenues as they are generated to LaPorte Community School Corp to support educational programming. "Microsoft pays its full taxes on both the real property side and then the personal property side," Cook said.
Why it matters: school leaders framed the shift as a long-term boost for a district of about 6,000 students. Wood called the day "setting history" for the community, saying the arrangement could provide sustained resources for staffing, career and technical education and other programs…
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