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The Common Council of the City of Greenfield, Indiana, has established rates and charges for the operation of the Greenfield Electric Utility. The council considered a modification of electric rates, specifically amending the "cap" on the Industrial Coincident Peak Demand from 70% to 65%.
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The Greenfield Common Council addressed the appropriations and tax rates for the upcoming year, specifying budget allocations, tax levies, and tax rates for various funds including the General Fund, Lease Rental Payment, Fire Pension, Police Pension, Local Road & Street, Motor Vehicle Highway, Communications Center, Continuing Education, Fire Building Debt, Park & Recreation, Park Nonreverting - Capital, Park Bond, Parking Meter, Cumulative Capital Improvement, Economic Development Income Tax Credit, Special Fire Protection Territory General, and Special Fire Protection Territory Equipment Replacement. The council also discussed the intent to issue debt and file a shortfall appeal.
The resolution designates an Economic Revitalization Area (ERA) and approves tax abatement for LabCorp Early Development Laboratories, Inc. The council reviewed and approved LabCorp's statements of benefits for real property improvements and personal property investments. It grants tax abatement to support the retention of 122 jobs with specified annual salaries by December 31, 2030, to enhance LabCorp's research, development, and testing capabilities. The resolution includes a five-year deduction schedule for both real and personal property, and it waives noncompliance related to the timing of submitting benefit statements. A public hearing is scheduled for October 8, 2025, to further consider the resolution.
The Greenfield Common Council will consider Ordinance No. 2025/35 for the proposed budget of the Greenfield Civil City for the year ending December 31, 2026.
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