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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.

StateIllinois
Reporting JurisdictionCity of Chicago
Jurisdiction type: Municipality
Fiscal year ending In2020
Program nameVarious Cook County Tax Abatement Programs
Program purpose: Redevelopment/revitalization
Statutory authority: (not specified)
Abating jurisdiction(s): Cook County
Applicable taxesProperty Tax
Method of abatement: Reduction in assessed value
Provisions for recapture: (not specified)
Gross revenue loss: $19,400,000
Reimbursement / offset: $0
Net revenue loss: $19,400,000
Type of loss: Passive
Additional notes on dislosure(none)
Document sourcehttps://www.chicago.gov/city/en/depts/fin/supp_info/comprehensive_annual...