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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.

Effected JurisdictionCity of Bridgeport
Jurisdiction type: Municipality
Fiscal year ending In2018
Program nameEconomic Development Tax Abatement Program
Program purpose: Job Creation/Retention
Statutory authority: City Council Approved Agreement Resolution under CT Statute 32-70
Abating jurisdiction(s): City of Bridgeport
Applicable taxesReal Property Tax; Personal Property Tax
Method of abatement: (not specified)
Provisions for recapture: Abatement must be limited in duration and generate more taxes eventually than original property value.
Gross revenue loss: $3,036,798
Reimbursement / offset: $0
Net revenue loss: $3,036,798
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.bridgeportct.gov/content/341307/341403/343324.aspx