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: | Massachusetts |
| Effected Jurisdiction: | City of Boston |
Jurisdiction type: | Municipality |
| Fiscal year ending In: | 2022 |
| Program name: | Tax Increment Financing (TIF) |
| Program purpose: | General Economic Development |
| Statutory authority: | Massachusetts General Laws Chapter 40, Section 59 |
| Abating jurisdiction(s): | City of Boston |
| Applicable taxes: | Real and Personal Property Tax |
| Method of abatement: | Tax Increment Financing (TIF) |
| Provisions for recapture: | (N/A - TIF) |
| Gross revenue loss: | $16,512,000 |
| Reimbursement / offset: | $14,567,000 |
| Net revenue loss: | $1,945,000 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
| Document source: | https://www.boston.gov/sites/default/files/file/2023/03/2022-2023-ACFR_F... |
