« Return to search form

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 Decatur
Jurisdiction type: Municipality
Fiscal year ending In2021
Program nameTax Increment Financing (TIF)
Program purpose: General Economic Development
Statutory authority: Illinois Tax Increment Financing Act
Abating jurisdiction(s): City of Decatur
Applicable taxesProperty Tax; Sales Taxx
Method of abatement: Tax Increment Financing (TIF)
Provisions for recapture: (not specified)
Gross revenue loss: $1,425,148
Reimbursement / offset: $0
Net revenue loss: $1,425,148
Type of loss: Active
Additional notes on dislosureBreakdown by company in ACFR
Document sourcehttps://decaturil.gov/wp-content/uploads/2023/10/2021-City-of-Decatur-Fi...