« Return to search form

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 JurisdictionCity of Madison
Jurisdiction type: Municipality
Fiscal year ending In2019
Program nameForgivable loans under Tax Increment Financing
Program purpose: General Economic Development
Statutory authority: TID project plans
Abating jurisdiction(s): City of Madison
Applicable taxesForgiven Loan
Method of abatement: TIF Loan
Provisions for recapture: (N/A - TIF)
Gross revenue loss: $4,605,461
Reimbursement / offset: $0
Net revenue loss: $4,605,461
Type of loss: Active
Additional notes on dislosureSee CAFR for TIF notes regarding loans forgiven this FY and in the future
Document sourcehttps://www.cityofmadison.com/finance/accounting/financial-statements