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

City of Yonkers, NY Revenue Losses from Subsidy Programs

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YearProgram NameProgram TypeGross Revenue LossReimbursement / offsetNet Revenue LossType of Loss
2019Yonkers Industrial Development Agency Mortgage Tax AbatementGeneral Economic Development$10,368,387$0$10,368,387Active
2020Yonkers Industrial Development Agency Mortgage Tax AbatementGeneral Economic Development$2,214,658$0$2,214,658Active
2021Yonkers Industrial Development Agency Mortgage Tax AbatementGeneral Economic Development$2,853,375$0$2,853,375Active
2017Yonkers Industrial Development Agency PILOT Tax AbatementGeneral Economic Development$25,870,311$17,046,234$8,824,077Active
2018Yonkers Industrial Development Agency PILOT Tax AbatementGeneral Economic Development$15,383,528$22,096,340$0Active
2019Yonkers Industrial Development Agency PILOT Tax AbatementGeneral Economic Development$26,829,538$24,328,059$2,501,479Active
2020Yonkers Industrial Development Agency PILOT Tax AbatementGeneral Economic Development$53,656,981$25,951,444$27,705,537Active
2021Yonkers Industrial Development Agency PILOT Tax AbatementGeneral Economic Development$33,082,762$26,603,090$6,479,672Active
2017Yonkers Industrial Development Agency Sales Tax AbatementGeneral Economic Development$2,767,359$0$2,767,359Active
2018Yonkers Industrial Development Agency Sales Tax AbatementGeneral Economic Development$3,849,605$0$3,849,605Active
2019Yonkers Industrial Development Agency Sales Tax AbatementGeneral Economic Development$2,767,973$0$2,767,973Active
2020Yonkers Industrial Development Agency Sales Tax AbatementGeneral Economic Development$2,007,623$0$2,007,623Active
2021Yonkers Industrial Development Agency Sales Tax AbatementGeneral Economic Development$290,175$0$290,175Active
TABULATED TOTAL$181,942,275$116,025,167$72,629,920