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: | Detroit City School District |
Jurisdiction type: | School District |
Fiscal year ending In: | 2020 |
Program name: | Industrial Facilities Tax Exemptions; Brownfield Redevelopment Agreements |
Program purpose: | General Economic Development |
Statutory authority: | PA 198 of 1974; not specified |
Abating jurisdiction(s): | Various cities and townships in Michigan |
Applicable taxes: | Property Tax |
Method of abatement: | Tax Exemption; tax diversion |
Provisions for recapture: | (not specified) |
Gross revenue loss: | $35,200,000 |
Reimbursement / offset: | $10,600,000 |
Net revenue loss: | $24,600,000 |
Type of loss: | Passive |
Additional notes on dislosure: | The district has, or will receive reimbursement; Gross revenue loss, reimbursement/offset, and net revenue loss are all approximate amounts. |
Document source: | https://www.detroitk12.org/Page/9666 |