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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.

StateMaine
Effected JurisdictionCity of Portland
Jurisdiction type: Municipality
Fiscal year ending In2022
Program nameCredit 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 taxesProperty 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 dislosureThe city remitted a total of $670,304 in Credit Enhancement payments.
Document sourcehttps://content.civicplus.com/api/assets/97df67ca-b541-4fb0-81f8-e28fd25...