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: | City of Clifton |
Jurisdiction type: | Municipality |
| Fiscal year ending In: | 2015 |
| Program name: | Long Term Tax Exemption Law |
| Program purpose: | General Economic Development |
| Statutory authority: | NJSA 40A:20 et.seq.) |
| Abating jurisdiction(s): | Clifton |
| Applicable taxes: | Property Tax |
| Method of abatement: | Tax Abatement |
| Provisions for recapture: | (not specified) |
| Gross revenue loss: | $1,940,894 |
| Reimbursement / offset: | $262,556 |
| Net revenue loss: | $1,678,338 |
| Type of loss: | Active |
| Additional notes on dislosure: | Reimbursement is in the form of PILOT |
