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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
Effected JurisdictionCity of Elizabeth
Jurisdiction type: Municipality
Fiscal year ending In2021
Program namePILOT Agreements
Program purpose: Affordable Housing
Statutory authority: (not specified)
Abating jurisdiction(s): Elizabeth, New Jersey
Applicable taxesProperty Tax
Method of abatement: Tax Abatement
Provisions for recapture: (not specified)
Gross revenue loss: $27,779,744
Reimbursement / offset: $12,140,806
Net revenue loss: $15,638,938
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.elizabethnj.org/DocumentCenter/View/4651/Audit-2021-SFY_City...