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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.

Effected JurisdictionRiverview Community School District
Jurisdiction type: School District
Fiscal year ending In2019
Program nameIndustrial Facilities Tax Exemptions; Brownfield redevelopment agreements
Program purpose: Construction/rehabilitation
Statutory authority: (not specified)
Abating jurisdiction(s): City of Trenton
Applicable taxesProperty Tax
Method of abatement: Tax Exemption; tax diversion
Provisions for recapture: (not specified)
Gross revenue loss: $832,829
Reimbursement / offset: $0
Net revenue loss: $832,829
Type of loss: Passive
Additional notes on dislosureSubsequent to June 30, 2019, the School District has paid the accrued interest and balance of $4,250,000 short-term state aid anticipation note borrowed in August 2018 and has subsequently borrowed $4,250,000 in short-term state aid anticipation notes from a bank. Proceeds from the borrowing were distributed to the School District in August 2019.