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: | Rockridge Community Unit School District 300 |
Jurisdiction type: | School District |
| Fiscal year ending In: | 2019 |
| Program name: | Tax 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 taxes: | Property 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 dislosure: | After 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. |
