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Philadelphia Public Schools, PA Revenue Losses from Subsidy Programs

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YearProgram NameProgram TypeGross Revenue LossReimbursement / offsetNet Revenue LossType of Loss
2019Abatement agreements with other jurisdictionsGeneral Economic Development$9,200,000$0$9,200,000Passive
2020Abatement agreements with other jurisdictionsGeneral Economic Development$8,900,000$0$8,900,000Passive
2021Abatement agreements with other jurisdictionsGeneral Economic Development$7,700,000$0$7,700,000Passive
2022Abatement agreements with other jurisdictionsGeneral Economic Development$8,600,000$0$8,600,000Passive
2017Abatement for New/Improved Resid PropHousing$1,000,000$0$1,000,000Passive
2018Abatement for New/Improved Resid PropHousing$2,700,000$0$2,700,000Passive
2019Abatement for New/Improved Resid PropHousing$1,700,000$0$1,700,000Passive
2020Abatement for New/Improved Resid PropHousing$1,900,000$0$1,900,000Passive
2021Abatement for New/Improved Resid PropHousing$2,800,000$0$2,800,000Passive
2022Development Abatement for New or Improved Residential PropertiesHousing$1,400,000$0$1,400,000Passive
2023Development Abatement for New or Improved Residential PropertiesHousing$2,600,000$0$2,600,000Passive
2017Keystone Opportunity ZonesGeneral Economic Development$9,200,000$0$9,200,000Passive
2018Keystone Opportunity ZonesGeneral Economic Development$12,600,000$0$12,600,000Passive
2019Keystone Opportunity ZonesGeneral Economic Development$17,200,000$0$17,200,000Passive
2020Keystone Opportunity ZonesGeneral Economic Development$6,700,000$0$6,700,000Passive
2021Keystone Opportunity ZonesGeneral Economic Development$6,500,000$0$6,500,000Passive
2022Keystone Opportunity ZonesGeneral Economic Development$7,700,000$0$7,700,000Passive
2023Keystone Opportunity ZonesGeneral Economic Development$6,700,000$0$6,700,000Passive
2020New Construction for Resid PropertiesHousing$33,500,000$0$33,500,000Passive
2017New Construction for Resid PropertoesHousing$17,600,000$0$17,600,000Passive
2018New Construction for Resid PropertoesHousing$18,200,000$0$18,200,000Passive
2019New Construction for Resid PropertoesHousing$30,800,000$0$30,800,000Passive
2022New Construction for Residential PropertiesHousing$39,600,000$0$39,600,000Passive
2023New Construction for Residential PropertiesHousing$48,500,000$0$48,500,000Passive
2017Rehab & New Construc for Indust/Comm PropGeneral Economic Development$27,300,000$0$27,300,000Passive
2018Rehab & New Construc for Indust/Comm PropGeneral Economic Development$33,900,000$0$33,900,000Passive
2019Rehab & New Construc for Indust/Comm PropGeneral Economic Development$45,300,000$0$45,300,000Passive
2020Rehab & New Construc for Indust/Comm PropGeneral Economic Development$52,000,000$0$52,000,000Passive
2021Rehab & New Construc for Indust/Comm PropGeneral Economic Development$50,300,000$0$50,300,000Passive
2022Rehab & New Construction for Industial & Commercial PropertyGeneral Economic Development$56,400,000$0$56,400,000Passive
2023Rehab & New Construction for Industial & Commercial PropertyGeneral Economic Development$62,800,000$0$62,800,000Passive
2017Rehab Construction for Residential PropertiesHousing$6,800,000$0$6,800,000Passive
2018Rehab Construction for Residential PropertiesHousing$6,300,000$0$6,300,000Passive
2019Rehab Construction for Residential PropertiesHousing$8,500,000$0$8,500,000Passive
2020Rehab Construction for Residential PropertiesHousing$9,300,000$0$9,300,000Passive
2021Rehab Construction for Residential PropertiesHousing$37,100,000$0$37,100,000Passive
2021Rehab Construction for Residential PropertiesHousing$10,600,000$0$10,600,000Passive
2022Rehab Construction for Residential PropertiesHousing$12,200,000$0$12,200,000Passive
2023Rehab Construction for Residential PropertiesHousing$14,700,000$0$14,700,000Passive
2019Tax Increment Financing (TIF)General Economic Development$8,500,000$0$8,500,000Passive
2020Tax Increment Financing (TIF)General Economic Development$3,200,000$0$3,200,000Passive
2021Tax Increment Financing (TIF)General Economic Development$1,200,000$0$1,200,000Passive
2022Tax Increment Financing (TIF)General Economic Development$9,400,000$0$9,400,000Passive
2023Tax Increment Financing (TIF)General Economic Development$7,700,000$0$7,700,000Passive
TABULATED TOTAL$766,800,000$0$766,800,000