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Grand Rapids School District, MI Revenue Losses from Subsidy Programs
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Year | Program Name | Program Type | Gross Revenue Loss | Reimbursement / offset | Net Revenue Loss | Type of Loss |
2019 | Commercial Rehabilitation agreements; Industrial Facilities Tax Exemptions; Brownfield Redevelopment agreements; Neighborhood Enterprise Zone agreements; Obsolete Properties Rehabilitation agreements; New Personal Property agreements; Payment in Lieu of Tax (PILOT) agreements; Property Tax extension agreements; Property Tax Tool and Die agreements; Property Tax Agriculture agreements; Air and Water Pollution agreements | Construction/rehabilitation | $5,004,551 | $4,394,000 | $610,551 | Passive |
| TABULATED TOTAL | | $5,004,551 | $4,394,000 | $610,551 | |