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 or Territory: | Illinois |
Effected Jurisdiction: | East Peoria Community High School District 309 |
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 |
Abating jurisdiction(s): | City of East Peoria |
Applicable taxes: | Property Tax |
Method of abatement: | Payment In Lieu of Taxes (PILOT) |
Provisions for recapture: | (not specified) |
Gross revenue loss: | $1,318,965 |
Reimbursement / offset: | $35,837 |
Net revenue loss: | $1,283,128 |
Type of loss: | Passive |
Additional notes on dislosure: | (none) |