Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.
| State: | Oklahoma |
| Effected Jurisdiction: | Oklahoma City School District I-89 |
Jurisdiction type: | School District |
| Fiscal year ending In: | 2022 |
| Program name: | Tax Increment Financing (TIF) |
| Program purpose: | General Economic Development |
| Statutory authority: | Oklahoma Statute 60-850 et. seq |
| Abating jurisdiction(s): | Oklahoma City |
| Applicable taxes: | Property Tax |
| Method of abatement: | Tax Diversion |
| Provisions for recapture: | (not specified) |
| Gross revenue loss: | $1,721,000 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $1,721,000 |
| Type of loss: | Passive |
| Additional notes on dislosure: | In all cases of the active agreements, the District receives Property Tax taxes at the assessed valuation of the property prior to the TIF agreement. |
| Document source: | https://www.okcps.org/cms/lib/OK01913268/Centricity/Domain/108/Audit/FY2... |
