HUDSON — The Hudson City School District superintendent and treasurer have received 3 percent raises, effective Aug. 1.
The Hudson Board of Education unanimously approved 3 percent raises for both officials at its Sept. 10 meeting.
"Both Superintendent Phil Herman and Treasurer Kathryn Sines continue to perform in an outstanding manner," said Board President David Zuro. "The excellent district leadership provided by Phil combined with the high quality financial management provided by Kathryn significantly contribute to the high performance of the Hudson City School District.
"The recent pay raises that they and their respective staffs have received are well-deserved."
Herman’s salary will increase from $150,168 per year to $154,673 per year. Sines’ salary will increase from $117,951 per year to $121,490 per year.
The last pay increase for both administrators was Aug. 1, 2017, according to the payroll department.
Tax abatements approved
The Board also approved partial tax abatement agreements with two Hudson companies within the city’s community reinvestment area.
The Board approved an agreement with Manneschi & Benedetti Properties LLC, which is at Hudson Crossing Parkway, for a 50 percent abatement for 15 years.
In return, according to the agreement, the city of Hudson will compensate the school district by sharing new revenues generated by the business on a 50-50 basis. The anticipated revenues will come from taxes collected on incomes from the employees. Manneschi & Benedetti Properties, a nonresidential building operator located in Twinsburg, plans to build its corporate headquarters at the Hudson site.
The second agreement, approved with Premier Commercial Realty LLC and Option Care Enterprises Inc., includes a real estate tax abatement of 85 percent for 15 years. The city agreed to a revenue sharing agreement like the one with Manneschi & Benedetti Properties.
Premier Commercial Realty wants to construct a regional compounding center on Hudson Crossing Parkway for Option Care Enterprises, which has several facilities in Ohio and surrounding states.
Partial property tax abatements are sometimes necessary to attract new businesses to the city, Zuro says.
"The new businesses, in turn, bring new revenues to the community in the form of income taxes and the unabated portion of property taxes," he said. "The Hudson Board of Education appreciates the spirit of cooperation exhibited in negotiating an equitable sharing of these revenues with the city of Hudson."
Reporter April Helms can be reached at 330-541-9423, firstname.lastname@example.org, or @AprilKHelms_RPC