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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.

StateMassachusetts
Effected JurisdictionCity of Worcester
Jurisdiction type: Municipality
Fiscal year ending In2018
Program nameMassachusetts Economic Development Incentive Program (EDIP)/the Massachusetts Housing Development Incentive Program (HDIP)
Program purpose: General Economic Development
Statutory authority: Massachusetts Economic Development Incentive Program Act of 1996
Abating jurisdiction(s): City of Worcester
Applicable taxesProperty Tax
Method of abatement: Tax Abatement
Provisions for recapture: (not specified)
Gross revenue loss: $3,885,000
Reimbursement / offset: $0
Net revenue loss: $3,885,000
Type of loss: Active
Additional notes on dislosureUnnamed recipients are listed in CAFR