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Please note that data are cataloged by fiscal years. For more info see our user guide.

City of New Orleans, LA Revenue Losses from Subsidy Programs

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YearProgram NameProgram TypeGross Revenue LossReimbursement / offsetNet Revenue LossType of Loss
2020Louisiana Industrial Ad Valorem Tax Exemption Program (ITEP)Manufacturing development$112,000$0$112,000Passive
2016Restoration Tax Abatement Program (RTA)Real estate development (commercial)$8,858,000$0$8,858,000Active
2017Restoration Tax Abatement Program (RTA)General Economic Development$8,534,000$0$8,534,000Active
2018Restoration Tax Abatement Program (RTA)Construction/rehabilitation$8,815,000$0$8,815,000Active
2019Restoration Tax Abatement Program (RTA)Construction/rehabilitation$14,173,000$0$14,173,000Active
2020Restoration Tax Abatement Program (RTA)Construction/rehabilitation$16,203,000$0$16,203,000Active
2021Restoration Tax Abatement Program (RTA)Construction/rehabilitation$10,905,000$0$10,905,000Active
TABULATED TOTAL$67,600,000$0$67,600,000