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: | Kentucky |
| Effected Jurisdiction: | Lexington-Fayette |
Jurisdiction type: | City/County |
| Fiscal year ending In: | 2022 |
| Program name: | Commonwealth Participation Program for Real Property Ad Valorem Tax Revenues |
| Program purpose: | General Economic Development |
| Statutory authority: | KRS 65.7049(3) |
| Abating jurisdiction(s): | Lexington-Fayette, Kentucky |
| Applicable taxes: | realty, business returns, and employee withholdings |
| Method of abatement: | Tax Increment Financing (TIF) |
| Provisions for recapture: | (not specified) |
| Gross revenue loss: | $654,826 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $654,826 |
| Type of loss: | Active |
| Additional notes on dislosure: | CAFR notes amounts are for FY 2021 |
| Document source: | https://www.lexingtonky.gov/sites/default/files/organization-page/2023-0... |
