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: 
Oklahoma
Reporting Jurisdiction: 
Oklahoma City School District I-89
Jurisdiction type
School district
Fiscal year ending In: 
2019
Program name: 
Tax Increment Financing (TIF)
Program purpose
Economic Development
Statutory authority
Oklahoma Statute 60-850 et. seq
Abating jurisdiction(s)
Oklahoma City
Applicable taxes: 
Ad Valorem Tax
Method of abatement
Tax Diversion
Provisions for recapture
(not specified)
Gross revenue loss
$1,805,000
Reimbursement / offset
$0
Net revenue loss
$1,805,000
Type of loss
Passive
Additional notes on dislosure: 
In all cases of the active agreements, the District receives ad valorem taxes at the assessed valuation of the property prior to the TIF agreement.