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: | Texas |
| Effected Jurisdiction: | City of Fort Worth |
Jurisdiction type: | Municipality |
| Fiscal year ending In: | 2022 |
| Program name: | Economic Development Program Grant Agreements |
| Program purpose: | Business attraction/retention/expansion |
| Statutory authority: | Chapter 380 of the Texas Local Government Code |
| Abating jurisdiction(s): | City of Fort Worth |
| Applicable taxes: | Real Property Tax; Business Personal Property Tax; Sales Tax; Hotel Occupancy Tax |
| Method of abatement: | Tax refund |
| Provisions for recapture: | Agreement termination |
| Gross revenue loss: | $32,121,000 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $32,121,000 |
| Type of loss: | Active |
| Additional notes on dislosure: | Breakdown by tax type in ACFR |
| Document source: | https://www.fortworthtexas.gov/files/assets/public/v/1/finance/fy2022-an... |
