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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 JurisdictionElizabeth School District
Jurisdiction type: School District
Fiscal year ending In2022
Program nameVarious Property Tax Abatement Agreements
Program purpose: General Economic Development
Statutory authority: N.J.S.A. 54:4-75 and N.J.S.A. 54:4-76
Abating jurisdiction(s): City of Elizabeth
Applicable taxesProperty Tax
Method of abatement: (not specified)
Provisions for recapture: (not specified)
Gross revenue loss: $6,769,879
Reimbursement / offset: $0
Net revenue loss: $6,769,879
Type of loss: Passive
Additional notes on dislosure(none)
Document sourcehttps://www.nj.gov/education/finance/fp/acfr/search/22/1320.pdf