But here we have a company proposing to bring new taxable value on line. Under these circumstances even a 100% abatement on the new taxable value leaves all other taxpayers in their original economic position. So the prospect of new local manufacturing jobs may be a fair basis for awarding an abatement. Too many variables for me to know for sure.
But we all add taxable value to our properties. At least we should through proper private property husbandry over time. We can't incentivize all of it through abatements and still rely on a property tax system.
For me, a partial abatement for a limitd term is as far as a local government should go. Beyond that, a community needs to deal from the basic structure and assets of its location, labor force and infrastructure.