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: | City of Detroit |
Jurisdiction type: | Municipality |
| Fiscal year ending In: | 2021 |
| Program name: | Land Bank Fast Track Act (LB) |
| Program purpose: | Construction/rehabilitation |
| Statutory authority: | Act 258-263 of 2003 |
| Abating jurisdiction(s): | Detroit, Michigan |
| Applicable taxes: | Property Tax |
| Method of abatement: | Tax sharing |
| Provisions for recapture: | (not specified) |
| Gross revenue loss: | $1,100,819 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $1,100,819 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
| Document source: | https://detroitmi.gov/departments/office-chief-financial-officer/financi... |
