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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 JurisdictionCity of Yonkers
Jurisdiction type: Municipality
Fiscal year ending In2020
Program nameYonkers Industrial Development Agency Mortgage Tax Abatement
Program purpose: General Economic Development
Statutory authority: (not specified)
Abating jurisdiction(s): Yonkers, New York
Applicable taxesMortgage Recording Tax
Method of abatement: (not specified)
Provisions for recapture: (not specified)
Gross revenue loss: $2,214,658
Reimbursement / offset: $0
Net revenue loss: $2,214,658
Type of loss: Active
Additional notes on dislosureThe amount quoted is the total revenue foregone by City, County, and NYC