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Tax Break Tracker Individual Entry

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.

Effected JurisdictionPhiladelphia Public Schools
Jurisdiction type: School district
Fiscal year ending In2020
Program nameAbatement agreements with other jurisdictions
Program purpose: General Economic Development
Statutory authority: PS 820.101-820
Abating jurisdiction(s): Various
Applicable taxesProperty Tax
Method of abatement: Tax Abatement
Provisions for recapture: (not specified)
Gross revenue loss: $8,900,000
Reimbursement / offset: $0
Net revenue loss: $8,900,000
Type of loss: Passive
Additional notes on dislosure(none)
Document sourcehttps://www.philasd.org/accounting/financial-reporting/annual-financial-...