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: | Nassau County |
Jurisdiction type: | County |
| Fiscal year ending In: | 2020 |
| Program name: | Various PILOT Agreements |
| Program purpose: | General Economic Development |
| Statutory authority: | Real Property Tax Law, Section 412-a and General Municipal Law, Section 874 |
| Abating jurisdiction(s): | Glen Cove Industrial Development Agency (IDA) |
| Applicable taxes: | Real Estate Property Tax |
| Method of abatement: | Tax abatement (PILOT) |
| Provisions for recapture: | There are provisions for recapture. |
| Gross revenue loss: | $1,271,000 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $1,271,000 |
| Type of loss: | Passive |
| Additional notes on dislosure: | All individual programs are reported in CAFR. PILOT payments must be remitted to Nassau County. |
| Document source: | https://www.nassaucountyny.gov/4517/Financial-Reports |
