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.

State: 
Michigan
Reporting Jurisdiction: 
Riverview Community School District
Jurisdiction type
School district
Fiscal year ending In: 
2019
Program name: 
Industrial Facilities Tax exemptions; Brownfield redevelopment agreements
Program purpose
Construction/rehabilitation
Statutory authority
(not specified)
Abating jurisdiction(s)
City of Trenton
Applicable taxes: 
Property Tax
Method of abatement
Tax exemption; tax diversion
Provisions for recapture
(not specified)
Gross revenue loss
$832,829
Reimbursement / offset
$0
Net revenue loss
$832,829
Type of loss
Passive
Additional notes on dislosure: 
Subsequent to June 30, 2019, the School District has paid the accrued interest and balance of $4,250,000 short-term state aid anticipation note borrowed in August 2018 and has subsequently borrowed $4,250,000 in short-term state aid anticipation notes from a bank. Proceeds from the borrowing were distributed to the School District in August 2019.