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 or Territory: | Maine |
| Effected Jurisdiction: | City of Portland |
Jurisdiction type: | Municipality |
| Fiscal year ending In: | 2020 |
| 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: | $4,063,703 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $4,063,703 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
| Document source: | https://www.portlandmaine.gov/195/Annual-Comprehensive-Financial-Reports-A |
