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: | Georgia |
| Effected Jurisdiction: | City of Augusta |
Jurisdiction type: | Municipality |
| Fiscal year ending In: | 2019 |
| Program name: | Tax Allocation Districts |
| Program purpose: | General Economic Development |
| Statutory authority: | Redevelopment Powers Law (Art. IX, Sec. II Para. VII of the Georgia Constitution as amended |
| Abating jurisdiction(s): | City of Augusta |
| Applicable taxes: | Sales Tax; Property Tax |
| Method of abatement: | Tax Increment Financing (TIF) |
| Provisions for recapture: | NA |
| Gross revenue loss: | $2,030,010 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $2,030,010 |
| Type of loss: | Active |
| Additional notes on dislosure: | Tax abatements do not begin until all development agreements have been satisfied and as such, current agreement do not have provisions to recapture previously abated taxes. |
| Document source: | https://www.augustaga.gov/149/Financial-Statements |
