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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 JurisdictionGrand Rapids Public Schools
Jurisdiction type: School District
Fiscal year ending In2022
Program nameVarious abatement agreements
Program purpose: General Economic Development
Statutory authority: Various
Abating jurisdiction(s): State of Michigan
Applicable taxesProperty Tax
Method of abatement: Tax Abatement
Provisions for recapture: (not specified)
Gross revenue loss: $7,939,138
Reimbursement / offset: $7,030,000
Net revenue loss: $909,138
Type of loss: Passive
Additional notes on dislosure(none)
Document sourcehttps://grps.org/downloads/transparency/audited_financial_statements/aud...