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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 JurisdictionLiberty Public School District 53
Jurisdiction type: School District
Fiscal year ending In2019
Program nameTax Increment Finance (TIF)
Program purpose: General Economic Development
Statutory authority: (not specified)
Abating jurisdiction(s): City of Liberty; City of Kansas City
Applicable taxesProperty Tax
Method of abatement: Payment In Lieu of Taxes (PILOT)
Provisions for recapture: (not specified)
Gross revenue loss: $8,896,369
Reimbursement / offset: $7,618,927
Net revenue loss: $1,277,442
Type of loss: Passive
Additional notes on dislosureGross/net revenue losses are the sum of multiple tax abatement agreements due to the fact that CAFR does not provide individual reimbusement amounts.