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More Tweaks Made to Eco Devo Policy

The Hays City Commission made a few adjustments to their proposed economic development policy.

The commission has been working on a matrix that lays out the requirements for property tax abatements. After discussing not allowing more than a 50% abatement, Commissioner Troy Hickman suggested allowing 75% or 100% if the investment is high enough.

Under the latest proposal, a 100% abatement would require a $30 million capital investment and at least 250 new jobs. The commission has requested more information on potential wage requirements.

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