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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.

Effected JurisdictionCity of Des Moines
Jurisdiction type: Municipality
Fiscal year ending In2020
Program nameUrban Renewal/Econ Develop
Program purpose: General Economic Development
Statutory authority: Chapters 15A and 403 of the Code of Iowa
Abating jurisdiction(s): Des Moines
Applicable taxesProperty Tax
Method of abatement: TIF
Provisions for recapture: N/A - rebates only given when conditions are met
Gross revenue loss: $5,428,704
Reimbursement / offset: $0
Net revenue loss: $5,428,704
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.dsm.city/departments/finance/cafr.php