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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 JurisdictionCleveland
Jurisdiction type: Municipality
Fiscal year ending In2020
Program nameTax Increment Financing (TIF)
Program purpose: General Economic Development (TIF)
Statutory authority: Ohio Revised Code (ORC) Chapter 5709
Abating jurisdiction(s): City of Cleveland, Ohio
Applicable taxesProperty Tax
Method of abatement: Tax abatement (PILOT)
Provisions for recapture: (not specified)
Gross revenue loss: $2,377,000
Reimbursement / offset: $0
Net revenue loss: $2,377,000
Type of loss: Active
Additional notes on dislosure2018 CAFR has not been released
Document sourcehttps://www.clevelandohio.gov/taxonomy/term/206