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: | New Jersey |
| Effected Jurisdiction: | Jersey City |
Jurisdiction type: | Municipality |
| Fiscal year ending In: | 2017 |
| Program name: | Various Tax Abatement Agreements |
| Program purpose: | Urban Renewal |
| Statutory authority: | Long Term Tax Exemption Law, N.J.S.A. 40A:20-1 et seq. |
| Abating jurisdiction(s): | Jersey City, NJ |
| Applicable taxes: | Property Tax |
| Method of abatement: | Tax Abatement |
| Provisions for recapture: | (not specified) |
| Gross revenue loss: | $66,910,049 |
| Reimbursement / offset: | $144,360,683 |
| Net revenue loss: | $0 |
| Type of loss: | Active |
| Additional notes on dislosure: | Reported in Jersey City CAFR. The city claims that it did not lose any revenue because it raised taxes to cover the abated amounts. |
