ELKHART The city of Elkhart is setting new limits on what type of companies are eligible for tax abatements, and it may mean higher wages for new employees.
According to The Elkhart Truth, the council unanimously adopted a resolution Monday night, saying that tax breaks should only be given to companies that provide employees a median salary of $29,990 a year for at least 70 percent of new employees. That's an hourly wage of roughly $14.42.
This is not a binding rule, merely a guideline.
The policy brings Elkhart closer in line with Goshen and Elkhart County's tax abatement policies. Middlebury is considering a similar measure.