« Return to search form

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.

State or TerritoryConnecticut
Effected JurisdictionCity of Bridgeport
Jurisdiction type: Municipality
Fiscal year ending In2021
Program nameAffordable Housing Tax Abatement Program
Program purpose: Affordable Housing
Statutory authority: City Council Approved Agreement Resolution under CT Statutes Section 8-215
Abating jurisdiction(s): City of Bridgeport
Applicable taxesReal Property Tax; 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: $2,577,875
Reimbursement / offset: $0
Net revenue loss: $2,577,875
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.bridgeportct.gov/content/341307/341403/343324.aspx