Partnerships have helped the New Albany-Plain Local School District increase its revenue, according to village administrator Joseph Stefanov.

Partnerships have helped the New Albany-Plain Local School District increase its revenue, according to village administrator Joseph Stefanov.

Stefanov told the school board March 21 that the existing business campuses and commitments from new businesses would provide $24-million in revenue for the district.

"We have revenue-sharing agreements with the schools," Stefanov said.

Jennifer Chrysler, the village's community development director, told the district's financial review and reporting committee March 14 that the three business campuses in the village offer tax abatements, which allow companies to pay only a portion of the total taxes owed for a designated period of time. The campuses were developed after the village received a letter of credit for a total of $24-million through the New Albany Co.

The debt was issued through the New Albany Community Authority and the village uses the first 30 cents on every dollar in income-tax revenue from the business campuses to repay that debt. The other 70 percent of the income-tax revenue is split equally, with the school district and the village both receiving 35 percent.

Stefanov said the village began developing the businesses campuses in 1998. The campuses house 27 major corporations with 9,000 employees. Even during the recent recession, the village continued to attract new businesses to the campuses. Stefanov said 1.5-million square feet of new buildings under construction or in the design phase are anticipated to create 1,700 new jobs and create $1.14-million in revenue for the school district.

Stefanov said the village and school district have been good partners since the days when the village didn't have a place to service its own vehicles and was able to service vehicles in the district's bus garage.

They partnered again when New Albany Village Hall was built. The school district completed the second floor and occupied that space until room became available in the New Albany Health and Wellness Center, where the district offices currently are located.

They also worked together when the New Albany-Plain Local Joint Park District was formed. It is now New Albany Parks and Recreation, which develops sports and leisure fields within the school district boundaries. The partnership also included Plain Township trustees.

Superintendent April Domine said she was surprised to find the cooperative efforts in the area when she was hired in late 2010.

"I think from the beginning that was one of the most extraordinary things," she said. "There was such vision here. It's such a well-planned and well-prepared community."

School board member Mike Klein said New Albany is unique because of the "great partnerships we share."