(KAIR)--Atchison’s Neighborhood Revitalization Program, which eliminates concerns of higher property taxes due to home improvements, has been reauthorized.  

Unanimous approval of keeping the program was given Monday by Atchison’s City Commission.  

According to a release from the City, along with curbing homeowners fears, the program also provides for developers, contractors, and/or investors “more robust property tax rebates that “make real estate projects/investments more financially feasible.”  

The release explains that projects inside the City’s core neighborhoods, and valued at $100,000 or more, are eligible to receive a 95% property tax rebate for 10 years, with rebates of 80%, 70%, 60%, 40%, and 20% to follow in years 11 through 15.

Commissioners, during Monday’s meeting, also approved the 2022 Employee Compensation plan, meaning pay raises for City employees.  According to the release, the approved plan “will offer 3% cost of living adjustments to all employees and create a 2% pool for merit raises.”