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Tax Breaks

columbus.gov

One week after cutting 41.5 million dollars from the city budget due to income tax revenue declines, Columbus City Council last night approved a pair of property tax breaks for two profitable companies. 

General Motors

State officials are weighing whether to force General Motors to repay 60 million dollars in tax breaks after it closed the Lordstown plant last year. 

bizjournals.com

Columbus City Council last night approved creating a Community Reinvestment Area for the Quarry development near Trabue and Dublin Roads on the west side. 

Columbus City Council last night formally accepted 157 million dollars in federal CARES Act funding to help with economic and human service needs amid the COVID-19 pandemic. 

nationwidechildrens.org

Columbus City Council last night approved a 15-year, 100 percent property tax abatement for a for-profit pharmaceutical company created by Children’s Hospital. 

Columbus City Council last night approved the city's 969.5 million dollar operating budget for the year. 

Facebook has just opened its new data center in New Albany.  

The Columbus Board of Education Tuesday approved a tax abatement proposal from a for-profit subsidiary of Nationwide Children's Hospital -- and will offer a local charter network a lease on a dilapidated property "as-is".

Nationwide Children's Hospital is asking the Columbus City Schools to sign off on a 100-percent tax abatement for a new, for-profit division.

During a ceremony at the White House in July 2017, a beaming President Trump announced Foxconn was coming to Wisconsin.

The world's largest contract manufacturer of consumer electronics wanted to be in America, Trump said.

"Investing many, many billions of dollars, right here in America, creating thousands of jobs," Trump said. "And I mean, American jobs, that's what we want."

To land the company, Wisconsin's then-governor, Republican Scott Walker, signed one of the largest tax incentive deals ever made between a state and a private company.

Columbus City Council last night approved legislation creating a financial penalty on secondary market sellers who fail to pay the city’s ticket tax for sporting events and shows. 

Columbus City Council last night approved a 3 percent increase in water and sewer rates for 2020. 

The Columbus Board of Education Tuesday moved ahead on proposals that would grant a 30-year tax abatement to a near east side development, and tighten travel restrictions for future boards. 

wikipedia

The owner of the former headquarters of the Newark-based Longaberger basket company has announced plans to turn the building into a luxury hotel. 

Rutland Family

Columbus City Council last night approved a 10-year, 75 percent property-tax abatement for a rubber products firm that plans to open a manufacturing center at an old warehouse in Marion Franklin. 

The two Amazon distribution facilities planned for Akron and suburban Toledo are receiving 12.1 million dollars in state tax breaks, based on the number of workers at each complex.  

theverge.com

Columbus City Council last night rejected placing two ballot initiatives before local voters this fall. 

Ohio Public Radio

It’s looking like the conference committee working on a compromise state budget will go into the weekend – with the deadline to sign the budget on Sunday night.

Columbus City Council tonight is expected to approve legislation authorizing property tax breaks to spur affordable housing development and improve existing stock on the the Far East Side. 

While both sides insist they are bargaining in good faith, the Columbus City Schools and the teachers union continue to plan for a possible strike this fall. 

The Columbus City Schools and the union representing teachers continue contract negotiations ahead of a planned strike this summer. 

Ohio Public Radio

Ohio Senate Republicans made sweeping changes to the House version of the two-year state budget bill, including larger tax cuts and restored tax breaks.

prnewswire.com

Columbus City Council last night approved an income tax break for a California-based mortgage lender planing to open an office in the Short North. 

The union representing Columbus City Schools teachers plans to hold a march next week to protest city property-tax abatements and faculty salaries.  

WCBE files

Columbus City Council last night approved spending 5.6 million dollars in capital improvement bond money to fund grants to build homes for needy families. 

A national developer that wants to revive a South Side industrial site is asking the Columbus City Schools to approve to a tax abatement that could bring the district equipment, scholarships and a property tax windfall down the road.

Columbus City Council last night approved tax breaks for five companies that officials say will retain or create a total of 723 jobs. 

A mayor from another city that tried to land big tech companies might be starting to look pretty smart after Amazon canceled its plans for a New York City headquarters. Activists and local politicians said New York had given up too much for too little.

But it doesn't have to be that way, says San Jose, Calif., Mayor Sam Liccardo, who refused to offer Amazon and another tech giant, Google, any incentives to locate in his city.

New Albany City Council  is offering a 15-year, 100 percent property tax abatement to a Google subsidiary to build a 600 million dollar data center in the city's business park.  

Columbus City Council tonight is expected to approve legislation establishing a minimum 15 dollar hourly wage requirement for all jobs created through the city's tax incentive programs. 

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