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: | Iowa |
| Effected Jurisdiction: | Iowa City Community School District |
Jurisdiction type: | School district |
| Fiscal year ending In: | 2020 |
| Program name: | Urban Renewal and Economic Development Projects |
| Program purpose: | General Economic Development |
| Statutory authority: | (not specified) |
| Abating jurisdiction(s): | City of Coralville; City of North Liberty; City of Iowa City; City of University Heights |
| Applicable taxes: | Property Tax |
| Method of abatement: | (not specified) |
| Provisions for recapture: | (not specified) |
| Gross revenue loss: | $1,585,555 |
| Reimbursement / offset: | $654,160 |
| Net revenue loss: | $931,395 |
| Type of loss: | Passive |
| Additional notes on dislosure: | The State of Iowa reimburses the District an amount equivalent to the increment of valuation on which property tax is divided times $5.40 per $1,000 of taxable valuation. For the year ended June 30, 2017, this reimbursement amounted to $259,586. |
| Document source: | https://www.iowacityschools.org/Page/13427 |
