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COUNCIL PULLS COMPANY'S ABATEMENT

(Richmond, IN)--Richmond Common Council Monday night pulled an abatement early after a company failed to meet its obligations.  Six years ago, Finance System of Richmond was given a ten-year tax abatement based in part on a projection of adding 30 jobs.  That level of expansion has not occurred, so Council Monday night ended the abatement.  Finance System is a collection agency that operates in the former Ryan’s Restaurant on National Road East.

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