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: | City of Cedar Rapids |
Jurisdiction type: | Municipality |
| Fiscal year ending In: | 2019 |
| Program name: | Urban Renewal and Economic Development Projects - Tax Increment Financing (TIF) |
| Program purpose: | General Economic Development |
| Statutory authority: | Chapters 15A and 403 of the Code of Iowa |
| Abating jurisdiction(s): | Cedar Rapids, Iowa |
| Applicable taxes: | Property Tax |
| Method of abatement: | Tax Rebate |
| Provisions for recapture: | (not specified) |
| Gross revenue loss: | $2,507,180 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $2,507,180 |
| Type of loss: | Active |
| Additional notes on dislosure: | City provides rebate after developers meet the terms of the agreements |
| Document source: | https://cedar-rapids.org/local_government/departments_a_-_f/finance/cafr... |
