Newton City Council Budget Workshop January 2026
East Mart TIF continues FY27 tax rebates to local firms
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Description
The FY27 East Mart TIF budget provides for $110,000 in combined property tax rebates to Van Maanen Electric and Theisens. These rebates support continued investment within the TIF district.
Contract Details
Contract Amount
$110,000 (shared property tax rebate)
Vendor
VAN MAANEN ELECTRIC
Agency
City of Newton, IA
Contract Type
OTHER
Document Date
January 19, 2026
Contract Term
FY27
Renewal Date
2027-06-30
Renewal Info
Ongoing TIF property tax rebate agreement; FY27 budget includes a shared $110,000 rebate amount.
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