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: | Morton Grove School District 70 |
Jurisdiction type: | School District |
Fiscal year ending In: | 2019 |
Program name: | Tax Increment Financing (TIF) |
Program purpose: | General Economic Development |
Statutory authority: | (not specified) |
Abating jurisdiction(s): | Village of Morton Grove |
Applicable taxes: | Property Tax |
Method of abatement: | Payment In Lieu of Taxes (PILOT) |
Provisions for recapture: | (not specified) |
Gross revenue loss: | $237,000 |
Reimbursement / offset: | $178,000 |
Net revenue loss: | $59,000 |
Type of loss: | Passive |
Additional notes on dislosure: | Gross revenue loss, reimbursement/offset, net revenue losses are all approximate amounts. Abatement started in 2000. |