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"The cumulative taxes abated represent less than one-tenth of the expansion costs and are <br /> surpassed by the increased payroll these businesses will spend in creating new jobs for <br /> residents," Luecke said. "That's sound stewardship to ensure that these resources are <br /> invested in South Bend and not South Dakota or South America." <br /> According to figures tallied by the city's department of Community and Economic <br /> Development, 1,639.5 total jobs are impacted by this year's 35 tax-abatement petitions to <br /> date — 186 new jobs and 1,453.5 jobs retained. New jobs represent 11.3 percent of the <br /> total, the third highest percentage since 1999. The payroll increase to date, $8,938,348, <br /> exceeds the full-year totals for all but 2000, which reached $13.7 million. <br /> The $102,764,284 in project costs will have an estimated assessed value of$82,845,424. <br /> A total of$9,435,250 in taxes will be abated through these requests, over periods ranging <br /> from 3 to 10 years. <br /> To date, firms requesting tax abatements plan to expand facilities by 591,036 square feet, <br /> surpassed only by full-year totals for 1999, 2000 and 2002. <br /> -30- <br />