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 or Territory: | New Jersey |
| Effected Jurisdiction: | Glassboro School District |
Jurisdiction type: | School District |
| Fiscal year ending In: | 2019 |
| Program name: | Local Redevelopment and Housing; Long Term Tax Exemption |
| Program purpose: | Construction/rehabilitation |
| Statutory authority: | The Local Redevelopment and Housing Law, NJSA 40A:12A-1 et seq.; Long Term Tax Exemption Law, NJSA 40A:20 et seq. |
| Abating jurisdiction(s): | Borough of Glassboro |
| Applicable taxes: | Property Tax |
| Method of abatement: | Not specified; Tax Exemption |
| Provisions for recapture: | (not specified) |
| Gross revenue loss: | $8,731,185 |
| Reimbursement / offset: | $2,557,201 |
| Net revenue loss: | $6,173,984 |
| Type of loss: | Passive |
| Additional notes on dislosure: | (none) |
