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: | Connecticut |
| Effected Jurisdiction: | City of Bridgeport |
Jurisdiction type: | Municipality |
| Fiscal year ending In: | 2022 |
| Program name: | Economic Development Tax Abatement Program |
| Program purpose: | Job Creation/Retention |
| Statutory authority: | City Council Approved Agreement Resolution under CT Statute 32-70 |
| Abating jurisdiction(s): | City of Bridgeport |
| Applicable taxes: | Personal Property Tax |
| Method of abatement: | (not specified) |
| Provisions for recapture: | Abatement must be limited in duration and generate more taxes eventually than original property value. |
| Gross revenue loss: | $3,274,013 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $3,274,013 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
| Document source: | https://www.bridgeportct.gov/sites/default/files/2023-04/Finance_0000202... |
