City council to discuss Caterpillar tax break
June 20, 2011 at 1:20 a.m.
Updated June 21, 2011 at 1:21 a.m.
IF YOU GO:WHAT: Victoria City Council Meeting
WHEN: 5 p.m. Tuesday
WHERE: Council chambers, 107 W Juan Linn St.
The Victoria City Council will discuss supporting Caterpillar's application for a tax abatement Tuesday.
The resolution, if passed, would not grant the tax abatement since the city can't grant one until it provides each taxing entity seven days notice.
However, the resolution would allow the city council to accept Caterpillar's tax abatement application, and authorize city staff to notify others of the city's intent to enter into a tax abatement agreement with Caterpillar.
The manufacturer of construction vehicles will have its application for a tax abatement looked at by the city council on July 5.