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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
Effected JurisdictionCity of Sterling Heights
Jurisdiction type: Municipality
Fiscal year ending In2017
Program nameLocal Development Finance Authority
Program purpose: General Economic Development
Statutory authority: Public Act 198 of 1974
Abating jurisdiction(s): Sterling Heights, Michigan
Applicable taxesProperty Tax
Method of abatement: Tax Abatement
Provisions for recapture: No
Gross revenue loss: $461,813
Reimbursement / offset: $0
Net revenue loss: $461,813
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.sterling-heights.net/Archive.aspx?AMID=39