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: | Michigan |
| Effected Jurisdiction: | Detroit City School District |
Jurisdiction type: | School District |
| Fiscal year ending In: | 2018 |
| Program name: | Industrial 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 taxes: | Property Tax |
| Method of abatement: | Tax Exemption; tax diversion |
| Provisions for recapture: | (not specified) |
| Gross revenue loss: | $36,600,000 |
| Reimbursement / offset: | $11,000,000 |
| Net revenue loss: | $25,600,000 |
| Type of loss: | Passive |
| Additional notes on dislosure: | As 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 source: | https://www.detroitk12.org/Page/9666 |
