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Commission Continues to Tweak Economic Development Policy

A change to the proposed economic development policy led the Hays City Commission to table a vote Thursday night. Commissioner Henry Schwaller says the proposed matrix for tax abatement has investment amounts that are too low to warrant 100 percent and even 75 percent abatements.

Under Schwaller’s proposal qualifying businesses could get a 50 percent tax abatement if they invest $500,001 in improvements or create a minimum of 11 new jobs. The commission will discuss Schwaller’s suggestion at the next work session.

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