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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.

StateIowa
Effected JurisdictionCedar Rapids Community School District
Jurisdiction type: School District
Fiscal year ending In2021
Program namePassive Tax Abatemetnts:Urban Renewal and Economic Development Projects
Program purpose: General Economic Development
Statutory authority: (not specified)
Abating jurisdiction(s): City of Cedar Rapids; City of Marion; City of Hiawatha; City of Robins
Applicable taxesProperty Tax
Method of abatement: (not specified)
Provisions for recapture: (not specified)
Gross revenue loss: $2,090,036
Reimbursement / offset: $515,697
Net revenue loss: $1,574,339
Type of loss: Passive
Additional notes on dislosureGross revenue loss entered here is the sum of abatements from all jurisdictions, as the CAFR fails to provide an individual reimbursement/offset for each municipality.
Document sourcehttps://crschools.us/departments/accounting-budgeting/