Last year, members of the Fort Wayne City Council and the Allen County Council and several other officials got together and over several months hammered out a laundry list of changes to the city and county’s respective tax abatement policies. The most noticeable change was that they’re no longer called tax abatements: Since the change, they’re now called “tax phase-ins.”
Whatever you call them, the tax breaks freeze the tax on a property where a big investment is made and then phase in the increased taxes gradually.
Now that the new policies are in place – they tighten the rules and assign points for things such as whether jobs created pay high wages – officials are ready to see how they’re working and whether more changes need to be made.
City Council members Geoff Paddock, D-5th, Mitch Harper, R-4th and Russ Jehl, R-2nd, will meet informally at 2 p.m. Monday in one of the meeting rooms on the garden level of Citizens Square, 200 E. Berry St.
Paddock said the meeting is just an informal, organizational one, but is open to anyone who wants to sit in, and that if it’s decided more meetings are needed, their county council counterparts will be formally invited, as well.
