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 or Territory: | Ohio |
Effected Jurisdiction: | Southwest Licking Local School District |
Jurisdiction type: | School District |
Fiscal year ending In: | 2019 |
Program name: | Community Reinvestment Program |
Program purpose: | General Economic Development |
Statutory authority: | Ohio Revised Code (ORC) Section 5709.83 |
Abating jurisdiction(s): | Etna Township; City of Newark |
Applicable taxes: | Property Tax |
Method of abatement: | Payment In Lieu of Taxes (PILOT) |
Provisions for recapture: | (not specified) |
Gross revenue loss: | $2,408,944 |
Reimbursement / offset: | $569,534 |
Net revenue loss: | $1,839,410 |
Type of loss: | Passive |
Additional notes on dislosure: | Reimbursement/offset is income tax sharing compensation from Etna Township through Joint Economic Development Zone (JEDZ) contracts administered by the City of Newark. |