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

City of Springfield, MA Revenue Losses from Subsidy Programs

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YearProgram NameProgram TypeGross Revenue LossReimbursement / offsetNet Revenue LossType of Loss
2023Tax Increment FinancingGeneral Economic Development$1,270,000$0$1,270,000Active
2017Tax Increment Financing (TIF)General Economic Development$215,000$0$215,000Active
2018Tax Increment Financing (TIF)General Economic Development$1,761,000$0$1,761,000Active
2019Tax Increment Financing (TIF)General Economic Development$1,328,000$0$1,328,000Active
2020Tax Increment Financing (TIF)General Economic Development$1,279,000$0$1,279,000Active
2021Tax Increment Financing (TIF)General Economic Development$1,500,000$0$1,500,000Active
2022Tax Increment Financing (TIF)General Economic Development$1,618,000$0$1,618,000Active
TABULATED TOTAL$8,971,000$0$8,971,000