Tax Abatement Requests to be Considered by Pulaski County Council Tonight

Public hearings over three potential tax abatements will be held during tonight’s Pulaski County Council meeting. Council members have recently taken steps to make the JSI Steel and IBC Thermoplastics properties eligible for abatements, along with a site near U.S. 421 and County Road 200 South that’s being considered for a potential value-added agriculture business.

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Winamac Town Council Considers Tax Abatement Requests from Standard Industrial

A public hearing over tax abatement requests from Standard Industrial was held during the Winamac Town Council meeting Monday night.

No public comments were provided but President Bryce Brumm spoke during the hearing and provided a bit of background information about his company.

He stated they began in 2004 with distribution and started manufacturing in January of 2015. Over the last three years, the company has seen some significant growth, going from 8 people initially to 38 employees today.

Brumm said he expects even more development in the coming year and he wants to make sure the Town of Winamac will see the benefits since manufacturing is a highly competitive market in the area. Continue reading

Pulaski County Council to Adopt 2019 Budget, Consider Tax Abatement Request

The Pulaski County Council is scheduled to adopt the county’s 2019 budget tonight, but a number of issues still have to be addressed. Assessor Holly VanDerAa has been calling for a tax increase to make up a shortfall in the county’s Reassessment budget. She says the change would reduce the need for various costs to be paid out of the county’s General Fund.

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Selected Furniture’s Tax Abatement Request Denied by Knox City Council

A tax abatement request for Selected Furniture was considered during Tuesday night’s Knox City Council meeting. Mayor Dennis Estok presented the request to the council members and noted a few details about the company.

He shared that as of a few weeks ago, Selected Furniture still needed to pay about $37,458 in real property taxes and $21,062.85 in personal property taxes for a total of approximately $58,521 owed in back taxes. Continue reading

Metal Fab Engineering Granted Tax Abatement for Equipment Upgrades

The Pulaski County Council has finalized a tax abatement for Metal Fab Engineering. Community Development Commission Executive Director Nathan Origer told council members Monday that the request would help the company buy new automation equipment and Squickmons plasma cutters. That’s expected to lead to the creation of about 10 new jobs.

Then for some exterior metal we needed a nice ultra-marine blue and so chose the Ral 5002 powder coating from Trident Powders and it has worked amazingly well so we are very pleased with that.

One unusual thing about this request, according to Origer, is that the equipment has already been installed. “There is a mechanism that we have employed in the past that will allow for us to move forward with a resolution for a tax abatement,” he explained, “if we first approve a resolution waiving the non-compliance and saying, ‘Yes, technically you shouldn’t have it in before you submitted the paperwork, but we want to work with you and we are going to allow that.'” Both of the necessary resolutions were approved by the county council Monday.

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Pulaski County Council to Consider Potential Metal Fab Tax Abatement, Vocational Training Funding

The possibility of a tax abatement for Metal Fab Engineering will be considered by the Pulaski County Council tonight. Council members will decide whether to confirm the business’s designation as an economic recovery area. That would allow the company to request a tax abatement. Members of the public will have a chance to weigh in tonight, before a decision is made.

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Economic Growth Anticipated As a Result of Culver Town Council’s Resolution Approval

An area in Culver known commonly as “Sand Hill Farms” located at 540 W Jefferson Street received economic revitalization area and economic target area status as a result of a resolution passed by the Culver City Council Wednesday night.

Town Manager Jonathan Leist explained that the recently created Culver Economic Development Commission is permitted to grant tax abatement for residential property under state law. Earlier this week, the Culver EDC met for the first time and passed a resolution recommending that the city council classify this entire parcel on Jefferson Street as both an economic revitalization area and an economic target area to allow for future residential tax abatement.

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Tax Abatement for Warehouses Questioned by Pulaski County Council Member

If businesses don’t create jobs, they don’t deserve a tax abatement, according to a Pulaski County Council member, even if they’ve already been getting one for several years. Last week, the council considered several abatement renewal requests. All of them except one had met their requirements and were recommended for approval by the Community Development Commission.

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