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: 
Montana
Reporting Jurisdiction: 
Hardin
Jurisdiction type
School district
Fiscal year ending In: 
2019
Program name: 
Tax Increment Financing (TIF)
Program purpose
Economic Development
Statutory authority
(not specified)
Abating jurisdiction(s)
City of Hardin
Applicable taxes: 
Property Tax
Method of abatement
Tax Diversion
Provisions for recapture
(not specified)
Gross revenue loss
$0
Reimbursement / offset
$0
Net revenue loss
$0
Type of loss
Passive
Additional notes on dislosure: 
The primary property within the TIF District is the Rocky Mountain Power Plant which has declared bankruptcy and has been unable to pay the full amount of assessed property taxes as they became due since 2014. The Hardin School District will receive property tax revenue on properties within the TIF District only after the 30 year time period has expired and may not receive such revenue until the revenue bonds are paid in full.