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: | Riverview Community School District |
Jurisdiction type:![]() | School District |
Fiscal year ending In: | 2019 |
Program name: | Industrial Facilities Tax Exemptions; Brownfield redevelopment agreements |
Program purpose:![]() | Construction/rehabilitation |
Statutory authority:![]() | (not specified) |
Abating jurisdiction(s):![]() | City of Trenton |
Applicable taxes: | Property 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 dislosure: | Subsequent 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. |