GREEN: The Green school district will get about $1.5 million from the city this year to end an 18-month-old dispute over tax breaks the district said were costing it much-needed income.
The school board unanimously passed the agreement Monday during its monthly board meeting without having complete figures. Those figures were added Tuesday before the council meeting at which the seven-member body unanimously agreed to the settlement package.
In a news release issued after the council meeting, Mayor Gerard Neugebauer said: “This global agreement really is a testament to our strong, working relationship and our mutual desire to do what is best for the community.
“Through the many discussions, the team was focused on the value that our community places on education.”
Saying “quality, high performing districts like Green are a huge driver of economic development in any community,” Superintendent Jeffrey L. Miller II praised both sides for the collaboration, due diligence and persistence.
“Moving forward, the school district is eager to work with the city to find alternative ways to foster economic development in our thriving community,” Miller said.
The agreement doesn’t include $550,000 the city awarded the district last December. However, another estimated $805,000 payment is included for the schools in the agreement based on the newly devised formula for tax increment financing.