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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 JurisdictionTrenton School District
Jurisdiction type: School District
Fiscal year ending In2021
Program nameTax Abatement
Program purpose: General Economic Development
Statutory authority: (not specified)
Abating jurisdiction(s): Trenton NJ
Applicable taxesProperty Tax
Method of abatement: (not specified)
Provisions for recapture: (not specified)
Gross revenue loss: $3,544,515
Reimbursement / offset: $0
Net revenue loss: $3,544,515
Type of loss: Passive
Additional notes on dislosureCannot estimate for City of Trenton; Taxes are raised to recoup losses
Document sourcehttps://www.nj.gov/education/finance/fp/acfr/search/21/5210.pdf