« 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 JurisdictionCedar Rapids Community School District
Jurisdiction type: School district
Fiscal year ending In2022
Program namePassive Tax Abatemetnts:Urban Renewal and Economic Development Projects
Program purpose: General Economic Development
Statutory authority: (not specified)
Abating jurisdiction(s): City of Cedar Rapids; City of Marion; City of Hiawatha; City of Robins; City of Palo
Applicable taxesProperty Tax
Method of abatement: (not specified)
Provisions for recapture: (not specified)
Gross revenue loss: $2,418,004
Reimbursement / offset: $940,226
Net revenue loss: $1,477,778
Type of loss: Passive
Additional notes on dislosureGross revenue loss entered here is the sum of abatements from all jurisdictions, as the CAFR fails to provide an individual reimbursement/offset for each municipality.
Document sourcehttps://crschools.us/app/uploads/2022/12/CR-School_22-GAS-FS_Final.pdf