By Christina Scanlon

An anticipated tax settlement with St. Gobain Corp. will equate to an estimated $3,300 to $3,500 less in tax revenue each year for the next four years for Granville Central School District. School officials were not unhappy with the settlement.

“It’s about as fair as it’s going to get,” said school superintendent Mark Bessen at a Board of Education meeting last week in which the settlement was approved unanimously by board members.

The company’s assessment is expected to decrease from $3 million to $2.8 million, once the town of Granville approves the final deal. The town is the lead negotiating agency as St. Gobain filed lawsuits against the town’s assessment office for valuations given from 2011-14.

Town Supervisor Matt Hicks did not speak on the specifics of the settlement, as it has not yet been finalized. No refund for the previous years was expected to be part of the agreement.

Cathy Somich, the school district business manager, said the new valuation of $2.8 million is set to remain at that amount for four years.

The town could approve the agreement at its next meeting on Aug. 13.