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Beaudry Oil Project Summary <br />Tax Abatement Basics <br />• Prior to using tax abatement, the approving governing body: <br />• Expects benefits of the proposed abatement agreement to at least equal the <br />costs to the political subdivision of the proposed agreement and <br />• Finds that doing so is in the public interest because it will: <br />• increase or preserve tax base <br />• provide employment opportunities in the political subdivision <br />• provide or help acquire or construct public facilities <br />• help redevelop or renew blighted areas <br />• help provide access to services for residents of the political subdivision <br />• finance or provide public infrastructure <br />