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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 York
Effected JurisdictionBeacon City School District
Jurisdiction type: School District
Fiscal year ending In2019
Program name(not specified)
Program purpose: General Economic Development
Statutory authority: New York State Real Property Tax Law, Section 412-a; General Municipal Law, Section 874
Abating jurisdiction(s): Dutchess County; Beacon City
Applicable taxesReal Property Tax
Method of abatement: Payment In Lieu of Taxes (PILOT)
Provisions for recapture: (not specified)
Gross revenue loss: $896,590
Reimbursement / offset: $346,621
Net revenue loss: $549,969
Type of loss: Passive
Additional notes on dislosurePartially entered into by county/town/city IDAs.