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 Territory: | Arkansas |
Effected Jurisdiction: | Little Rock School District |
Jurisdiction type: | School District |
Fiscal year ending In: | 2021 |
Program name: | Payment in lieu of Taxes (PILOT) Agreement - Little Rock School District |
Program purpose: | General Economic Development |
Statutory authority: | Municipalities and Counties Industrial Development Revenue Bond Law, Ark. Code Ann. §§ 14-164- 201 to 224 |
Abating jurisdiction(s): | City of Little Rock |
Applicable taxes: | Property Tax |
Method of abatement: | Payment in Lieu of Taxes (PILOT) |
Provisions for recapture: | (not specified) |
Gross revenue loss: | $3,276,497 |
Reimbursement / offset: | $947,234 |
Net revenue loss: | $2,329,263 |
Type of loss: | Passive |
Additional notes on dislosure: | Disclosures reported by City of Little Rock |
Document source: | https://www.littlerock.gov/city-administration/city-departments/finance/... |