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Compensation Agreementapproved

lancaster_city_council_finance_committee_minutes_j.pdf

Income Tax Sharing Agreement with Lancaster City Schools

$303,865.27City of Lancaster cityLANCASTER CITYJanuary 27, 2025

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TerraCycle logo
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WithersRavenel logo
Derivita logo
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Description

City agrees to remit $303,865.27 to Lancaster City Schools for tax years 2022 and 2023, with 2024 taxes due by February 28, 2025, resolving income tax sharing from Magna payroll.

Contract Details

Contract Amount

$303,865.27

Vendor

LANCASTER CITY

Agency

City of Lancaster city, OH

Contract Type

Compensation Agreement

Document Date

January 27, 2025

Contract Term

Tax years 2022 and 2023

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