City council approves all abatements, even those not meeting goals

WLFI File Photo
WLFI File Photo

LAFAYETTE, Ind. (WLFI) – The Lafayette City Council found 35 tax abatements to be in compliance Monday evening from various companies inside city limits.

As part of an annual review, three companies — Kirby Risk, McKinney Corporation and Rea Magnet Wire — were found to have abatements which did not meet their targeted employment goals.

A spokesperson from each company explained that unexpected changes in the economic climate were the reason behind not being in compliance.

The council approved each abatement unanimously.

“I think the council understood that it’s been a tough economic time the last several years, really since 2008 for some of them,” said Lafayette City Council President Steve Meyer. “Some of them are just still trying to turn the corner and get back up on their feet.”

The city council also approved on second reading the three-foot bicycle passing ordinance. provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language, off topic, or racial slurs, will be banned. Please be respectful of the opinions of others and keep the conversation on topic and civil. If you see an inappropriate comment, please flag it for our moderators to review.

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