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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.

StateMichigan
Reporting JurisdictionDetroit City School District
Jurisdiction type: School district
Fiscal year ending In2018
Program nameIndustrial Facilities Tax Exemptions; Brownfield Redevelopment Agreements
Program purpose: General Economic Development
Statutory authority: PA 198 of 1974; not specified
Abating jurisdiction(s): Various cities and townships in Michigan
Applicable taxesProperty Tax
Method of abatement: Tax Exemption; tax diversion
Provisions for recapture: (not specified)
Gross revenue loss: $28,635,612
Reimbursement / offset: $0
Net revenue loss: $28,635,612
Type of loss: Passive
Additional notes on dislosureAs a part of 2016 financial rescue plan, Detroit Schools were split in two. Detroit Public Schools Community District continues to operate the schools, receives state aid as its funding source and reports no abatements. Detroit Public Schools, the second entity, is a paper organization that holds prior debt, and receives city share of school taxes. All of Detroit Schools tax abatement impacts are reported by this entity.
Document sourcehttps://www.detroitk12.org/Page/9666