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The Middletown City Schools' Board of Education and Middletown's City Council have voted unanimously in favor of a cooperative school compensation agreement, one that will spur the City's long-term economic growth while preserving and enhancing its tax base for the benefit of the School District. The newly minted School Compensation Agreement authorizes the City of Middletown to offer businesses and developers up to a 100 percent tax abatement for up to 15 years through Enterprise Zone agreements and Community Reinvestment Areas or funding of infrastructure improvements for up to 30 years by establishing Tax Increment Financing Districts . Comment?
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