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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 York
Effected JurisdictionOssining Union Free School District
Jurisdiction type: School district
Fiscal year ending In2019
Program name(not specified)
Program purpose: Real estate development (residential)
Statutory authority: Article V or Article XI of the Private Housing Finance Law of the State of New York
Abating jurisdiction(s): The City of Ossining
Applicable taxesReal Property Tax
Method of abatement: Payment In Lieu of Taxes (PILOT)
Provisions for recapture: Payment in lieu of taxes continues until the property no longer provides the required Affordable Housing or no longer complies with the requirements of the PHFL.
Gross revenue loss: $1,437,841
Reimbursement / offset: $484,340
Net revenue loss: $953,501
Type of loss: Passive
Additional notes on dislosure(none)