Gross Tax Increment
Net Tax Increment
$15,647,299
$6,086,017
Pass Through Detail
Low and Moderate set aside 20.000%
County of San Diego 18.000%
Sweetwater Union High School   7.180%
Southwestern Community College                1.932%
SD County Office of Education    1.013%
Chula Vista Elementary School 10.980%
Total Pass Throughs 59.105%
15 YEARS OF REDEVELOPMENT in the SOUTHWEST
This is a summary of a chart we were given by CV Finance Department showing 15 years of Redevelopment in the southwest redevelopment area. Almost 60% of all the tax increment (the increases in property tax from the day the area became a redevelopment area) went to schools, the county and low and moderate affordable housing fund. THE WAY THE MONEY IS DIVIDED UP IS DIFFERENT IN THE SOUTHWEST IS DIFFERENT THAN IN OTHER REDEVELOPMENT AREAS. ONLY 40% GOES TO REDEVELOPMENT AGENCY IN SOUTHWEST. IN REST OF AREAS 60% GOES TO THE AGENCY.