HUTCHINSON, Kan.— The Hutchinson City Council will set a public hearing date for the 2020 budget during their meeting on Tuesday.

The proposed budget including Hutch Rec totals $$89,161,863 on totaled taxes levied of $14,813,310. The mill levy will go up slightly from 44.144 to 44.432 mills.

If approved, the public hearing on the budget would be held August 20th at 9 a.m. as part of the council’s regular agenda.

The council will also go over the tax abatement request and development agreement with GEO Chemcial LLC. Under the tax incentive agreement, GEO will pay in lieu of taxes 5% of the properties value. That number will increase by 10% for the first five years and top out at 50% for the remaining five years of the 10 incentive package.

The company will construct and operate a business specializing in manufacturing and sales of oil and gas field specialty chemicals. The company will create an estimated 50 to 75 jobs over the course of a two-year period at this location. GEO has purchased an existing building located on E. 14th which is on the old Consolidated Mfg. property and plans to build a 10,000 square foot building adjacent to the current at a cost of $400,000. Total investment for the project is estimated at $4.4 million.

Tuesday’s meeting of the Hutchinson City Council begins at 9 a.m. at the Hutchinson city offices.