After weeks of discussion, Allen County commissioners signed on to Iola’s Neighborhood Revitalization Plan. The county will keep its tiered rebate reimbursement plan, while the three other participating entities will change theirs. That was a point of contention week after week, starting when Gregg Hutton, codes enforcement officer for Iola, asked for the change. The city’s hope is to boost housing construction by offering a full, 100% rebate for 10 years. The program works by rebating property taxes for homeowners who make improvements; the rebate applies only to the amount of taxes that were added because of those improvements. All participating entities — the city, the county, the school district and Allen Community College — offer the rebate.
Source: The Iola Register
