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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 JurisdictionBremen Community High School District 228
Jurisdiction type: School District
Fiscal year ending In2019
Program nameProperty Tax Extension Limitation; Property Tax Relief Grant
Program purpose: General Economic Development
Statutory authority: Property Tax Extension Limitation Law
Abating jurisdiction(s): (not specified)
Applicable taxesProperty Tax
Method of abatement: Payment In Lieu of Taxes (PILOT)
Provisions for recapture: (not specified)
Gross revenue loss: $3,600,000
Reimbursement / offset: $0
Net revenue loss: $3,600,000
Type of loss: Passive
Additional notes on dislosureFor the 2018 tax levy, the District abated approximately $3,600,000 of Property Tax. This abatement is represented as a reduction of the Property Tax Extension Limitation Law (PTELL) limiting rate on the District’s 2018 Agency Tax Rate Report. The effects of this property tax abatement will not be recognized by the District until the next fiscal year, as the abatement will be applied to the second installment bills. Unclear which government entity granted the abatements, and gross revenue loss, reimbursement/offset and net revenue loss are approximate amounts.