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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 Franklin Park
Jurisdiction type: Municipality
Fiscal year ending In2019
Program nameTax Increment Financing (TIF)
Program purpose: Redevelopment/revitalization
Statutory authority: Tax Increment Allocation Redevelopment Act, 65 ILCS 5/11-74.4-1
Abating jurisdiction(s): Village of Franklin Park
Applicable taxesProperty Tax
Method of abatement: Tax Rebate
Provisions for recapture: (not specified)
Gross revenue loss: $939,777
Reimbursement / offset: $0
Net revenue loss: $939,777
Type of loss: Active
Additional notes on dislosure(none)