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: | New York |
| Effected Jurisdiction: | Albany City School District |
Jurisdiction type: | School district |
| Fiscal year ending In: | 2019 |
| Program name: | Payment in Lieu of Taxes (PILOT) |
| Program purpose: | Real estate development (residential) |
| Statutory authority: | NYS Private Housing Finance Law; Article 4 of the Real Property Tax Law; Article 18-A of the Real Property Tax Law, the Agriculture and Markets Law, the Transportation Law |
| Abating jurisdiction(s): | City School District Of The City Of Albany |
| Applicable taxes: | Real Property Tax |
| Method of abatement: | Payment In Lieu of Taxes (PILOT) |
| Provisions for recapture: | (not specified) |
| Gross revenue loss: | $3,644,053 |
| Reimbursement / offset: | $894,708 |
| Net revenue loss: | $2,749,345 |
| Type of loss: | Passive |
| Additional notes on dislosure: | Agreement entered into in partnership with the City of Albany IDA. |
