Chattanooga officials are on the cusp of receiving the newest draft of a proposal that would change the way some tax incentives for companies are approved in the city.
Jermaine Freeman, chief of staff for Chattanooga Mayor Tim Kelly, said Monday that he’s uncertain the latest draft of payment-in-lieu-of-tax policy in the city will be the final one.
But he told the city’s Industrial Development Board that the document could come before the panel for consideration next month on the issue of tax policies and procedures that was originally floated late last summer.
(READ MORE: Policy may speed up tax incentive deals)
Board member Jimmy Rodgers raised the matter at a meeting of the panel Monday and requested an update.