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: | Missouri |
| Effected Jurisdiction: | City of Festus |
Jurisdiction type: | Municipality |
| Fiscal year ending In: | 2017 |
| Program name: | TIF - Sales Tax Reimbursement |
| Program purpose: | General Economic Development |
| Statutory authority: | (not specified) |
| Abating jurisdiction(s): | Festus |
| Applicable taxes: | Sales Tax |
| Method of abatement: | (not specified) |
| Provisions for recapture: | (not specified) |
| Gross revenue loss: | $292,820 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $292,820 |
| Type of loss: | Active |
| Additional notes on dislosure: | Festus has a tax abatement agreement with Home Depot whereby 0.5% of sales tax collected in the store is used to payback TIF debt, but it does not consider this a reportable abatement under GASB 77. |
