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 or Territory: | New York |
| Effected Jurisdiction: | Glen Cove City School District |
Jurisdiction type: | School district |
| Fiscal year ending In: | 2019 |
| Program name: | Real Property Tax Abatment Agreements |
| Program purpose: | (not specified) |
| Statutory authority: | Article 18-A of General Municipal Law of New York StateArticle 18-A of General Municipal Law of New York State, under the authority of New York State General Municipal Law Section 922. |
| Abating jurisdiction(s): | Glen Cove City School District |
| Applicable taxes: | Real Property Tax |
| Method of abatement: | Payment In Lieu of Taxes (PILOT) |
| Provisions for recapture: | (not specified) |
| Gross revenue loss: | $5,034,939 |
| Reimbursement / offset: | $3,453,595 |
| Net revenue loss: | $1,581,344 |
| Type of loss: | Active |
| Additional notes on dislosure: | Agreement entered into in partnership with the Nassau County IDA and the City of Glen Cove. |
