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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 Aurora
Jurisdiction type: Municipality
Fiscal year ending In2021
Program nameJob Related Tax Abatements
Program purpose: Job Creation/Retention
Statutory authority: City Council Ordinance
Abating jurisdiction(s): City of Aurora
Applicable taxesUse Tax; Sales Tax; Personal Property Tax
Method of abatement: Abatement
Provisions for recapture: Yes
Gross revenue loss: $3,947
Reimbursement / offset: $0
Net revenue loss: $3,947
Type of loss: Active
Additional notes on dislosureTotal potential future abatement as of December 31, 2021, is $18,929,023 and abatements paid or waived to date on these active agreements is $486,610. During 2021, only one abatement was paid out for $3,947 (on an agreement that was completed in October 2021) as businesses either did not meet the employment and time requirements or did not submit a rebate request.
Document sourcehttps://www.auroragov.org/cms/One.aspx?portalId=16242704&pageId=16401536...