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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 Milwaukee
Jurisdiction type: Municipality
Fiscal year ending In2022
Program nameProgram 1 - Developer-Financed Projects
Program purpose: General Economic Development
Statutory authority: Wisconsin Statutes 66.1105, 66.1333
Abating jurisdiction(s): Milwaukee
Applicable taxesProperty Tax
Method of abatement: Tax Increment Financing (TIF)
Provisions for recapture: In most instances, the amount of the City’s loan repayment to the developer/corporation can be reduced if an economic indicator, such as full-time-equivalent employment, is not achieved.
Gross revenue loss: $9,078,000
Reimbursement / offset: $0
Net revenue loss: $9,078,000
Type of loss: Active
Additional notes on dislosureIncludes abatement activity by district and remaining balances at the end of the fiscal year.
Document sourcehttps://city.milwaukee.gov/ImageLibrary/Groups/cityComptroller/Reports/C...