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.
State: | Maine |
Effected Jurisdiction: | City of Portland |
Jurisdiction type: | Municipality |
Fiscal year ending In: | 2022 |
Program name: | Credit Enhancement Agreements (TIF) |
Program purpose: | General Economic Development |
Statutory authority: | State of Maine Title 30-A M.R.S. §§ 5221-5235 |
Abating jurisdiction(s): | Portland, Maine |
Applicable taxes: | Property Tax |
Method of abatement: | Tax Rebate |
Provisions for recapture: | (not specified) |
Gross revenue loss: | $5,867,262 |
Reimbursement / offset: | $0 |
Net revenue loss: | $5,867,262 |
Type of loss: | Active |
Additional notes on dislosure: | The city remitted a total of $670,304 in Credit Enhancement payments. |
Document source: | https://content.civicplus.com/api/assets/97df67ca-b541-4fb0-81f8-e28fd25... |