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 or Territory: | 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. |
