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.
State: | Illinois |
Effected Jurisdiction: | Cook County |
Jurisdiction type:![]() | County |
Fiscal year ending In: | 2017 |
Program name: | Various Property Tax Incentives |
Program purpose:![]() | General Economic Development |
Statutory authority:![]() | (not specified) |
Abating jurisdiction(s):![]() | Cook County, Illinois |
Applicable taxes: | Property Tax |
Method of abatement:![]() | Reduction in assessed value |
Provisions for recapture:![]() | (not specified) |
Gross revenue loss:![]() | $12,900,000 |
Reimbursement / offset:![]() | $0 |
Net revenue loss:![]() | $12,900,000 |
Type of loss:![]() | Active |
Additional notes on dislosure: | CAFR provided breakdown by purpose: "$6.9 million was for the purpose of development and rehabilitation of new and existing industrial property, $2.3 million was for the purpose of development and rehabilitation of commercial property, $1.0 million was for the purpose of industrial and commercial development in areas of severe economic stagnation, and $1.2 million was for the purpose of increasing multi-family residential affordable rental housing." |