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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 JurisdictionCity of Springfield
Jurisdiction type: Municipality
Fiscal year ending In2020
Program nameTax Increment Financing
Program purpose: General Economic Development
Statutory authority: Sections 99.800 through 99.865 Revsied Statutes of Missouri
Abating jurisdiction(s): Various governments
Applicable taxesSales and Use Tax
Method of abatement: Tax diversion
Provisions for recapture: (not specified)
Gross revenue loss: $684,296
Reimbursement / offset: $0
Net revenue loss: $684,296
Type of loss: Active/Passive
Additional notes on dislosureBreakdown by government in ACFR
Document sourcehttps://www.springfieldmo.gov/4961/Annual-Reports