tax abatements

Provided / City of Cincinnati

A tax abatement agreement between the city of Cincinnati and Cincinnati Public Schools expires at the end of the year, and it appears a dispute about state school funding formulas could be holding up a new agreement.

Pixabay

In late June, Cincinnati City Council approved a round of development incentives for several projects. Those included a conversion of the PNC Tower from office to residential and retail, and a mixed-use apartment building along the river called Artistry. Some of the tax incentive deals are for developments that include a certain percentage of units of affordable housing; others do not.

pnc tower
Doug Kerr / Wikimedia Commons

Cincinnati City Council will be asked Wednesday to approve development agreements, property tax abatements, and financing help for nearly $220 million worth of projects in the city.

bond hill academy
Ann Thompson / WVXU

A 1999 tax abatement agreement between the City of Cincinnati and Cincinnati Public Schools is set to expire. Now the city and CPS are at odds over renegotiating the deal.

City And CPS Board Disagree Over Tax Abatement Renewal

May 8, 2019
Ambriehl Crutchfield / WVXU

A City of Cincinnati and Cincinnati Public Schools agreement on property tax abatements is set to expire this year.

Provided / City of Cincinnati

Cincinnati City Manager Patrick Duhaney said in a letter Tuesday to the Cincinnati School superintendent that the district's operating revenues have actually increased because of city property tax incentives for developers and a 1999 agreement related to those tax abatements.

That agreement expires this year, and Duhaney said "the city is comfortable with or without an agreement."

Bill Rinehart / WVXU

Cincinnati Public Schools will be taking a good long look at the deal that has helped economic development in Cincinnati, but some say has also shortchanged the district. The tax abatement agreement of 1999 expires at the end of this year.

Provided / City of Cincinnati

Cincinnati City Council and the Cincinnati Board of Education are getting ready to re-negotiate a 1999 agreement concerning tax abatement policies.

Cincinnati officials often get many questions about offering tax breaks and incentives to companies to bring jobs and businesses to the city.  

Council's Rules and Audit Committee got an overview Tuesday of such programs and the results.  

Jeff McElravy is the Interim Director of the city's Trade and Development Department.  He described the balance with offering company's job creation tax credits.