TIPP CITY — The Tipp City school board approved a tax abatement agreement with Gateway Plastics.
A Wisconsin-based plastics company, Gateway Plastics, has requested a 12-year, 75 percent tax abatement in order to locate a new manufacturing plant in Tipp City, which will next have to be approved by city council and the Miami County Commissioners.
Currently the property generates about $2,100 for the district, and would generate approximately $141,000 after this agreement, Board President Carla Frame and Assistant City Manager Brad Vath said.
“It is a significant increase for the school district from a revenue standpoint. It’s a boost to not only the local economy, but also to the city income tax and workforce in the area,” Frame said.
The planned $30 million investment would employ 200 people over three years
The board and administrators also expressed their condolences to the family of Tippecanoe High School science teacher Janet Barnard, who passed away last week after a battle with cancer. Barnard taught in the district for 17 years.
“A wonderful person and amazing teacher. She was a wonderful role model for our students,” Superintedent Gretta Kumpf said. “We’re going to miss her.”
In other business, the board approved the purchase of two new school buses to replace two older vehicles, as well as the purchase of a gym floor covering system for $10,529.
The total cost of the two 2018 Blue Bird 72-passenger buses is $160,825, with one bus to be paid for from the district’s permanent improvement fund and the other to be paid for out of the general fund.
The board also approved a resolution opposing House Bill 487, an education reform bill signed into law by Gov. John Kasich in June.
The new mandate increases graduation requirements, requiring students to earn a certain number of points on their end-of-course exams, along with the required number of course credits, in order to graduate.
Reach Cecilia Fox at email@example.com.