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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 JurisdictionGlassboro School District
Jurisdiction type: School District
Fiscal year ending In2019
Program nameLocal 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 taxesProperty 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)