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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 JurisdictionCity of Madison
Jurisdiction type: Municipality
Fiscal year ending In2022
Program nameTax Incremental Financing District (TID)
Program purpose: General Economic Development
Statutory authority: Wisconsin Statutes 66.1105
Abating jurisdiction(s): Madison
Applicable taxesForgiven Loan
Method of abatement: TIF Loan
Provisions for recapture: (not specified)
Gross revenue loss: $8,137,577
Reimbursement / offset: $0
Net revenue loss: $8,137,577
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.cityofmadison.com/finance/documents/financials/2022/ACFR22.pdf