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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.

State or TerritoryKansas
Effected JurisdictionShawnee Mission Unified School District 512
Jurisdiction type: School District
Fiscal year ending In2020
Program nameTax Increment Financing (TIF); Industrial Revenue Bonds
Program purpose: General Economic Development
Statutory authority: (not specified)
Abating jurisdiction(s): City of Lexena
Applicable taxesProperty Tax
Method of abatement: Tax Exemption; Tax Diversion
Provisions for recapture: (not specified)
Gross revenue loss: $3,662,757
Reimbursement / offset: $0
Net revenue loss: $3,662,757
Type of loss: Passive
Additional notes on dislosure(none)
Document sourcehttps://www.smsd.org/about/budget-finance