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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 JurisdictionRockridge Community Unit School District 300
Jurisdiction type: School district
Fiscal year ending In2019
Program nameTax Increment Financing (TIF)
Program purpose: General Economic Development
Statutory authority: 65 ILCS 5/11-74.4-1 to 11-74.4-11
Abating jurisdiction(s): Rock Island County
Applicable taxesProperty Tax
Method of abatement: Tax Diversion
Provisions for recapture: (not specified)
Gross revenue loss: $68,663
Reimbursement / offset: $0
Net revenue loss: $68,663
Type of loss: Passive
Additional notes on dislosureAfter disclosing these amounts, the CAFR later states "The District is estimated to forgo approximately $74,000 of property tax revenues in fiscal year 2019 from these TIF Districts." This is most likely a typo and should actually be "fiscal year 2020" judging from other CAFRs the contain similar language.