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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.

StateNew Jersey
Reporting JurisdictionCloster School District
Jurisdiction type: School district
Fiscal year ending In2019
Program nameHousing and Mortgage Financing
Program purpose: Affordable Housing
Statutory authority: New Jersey Housing and Mortgage Financing Act (NJSA 55:14K et. seq.)
Abating jurisdiction(s): Borough of Closter
Applicable taxesProperty Tax
Method of abatement: Payment In Lieu of Taxes (PILOT)
Provisions for recapture: (not specified)
Gross revenue loss: $69,001
Reimbursement / offset: $0
Net revenue loss: $69,001
Type of loss: Passive
Additional notes on dislosure(none)