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: | Mount Vernon City School District |
Jurisdiction type: | School district |
| Fiscal year ending In: | 2019 |
| Program name: | Payment in Lieu of Taxes (PILOT) |
| Program purpose: | General Economic Development |
| Statutory authority: | Title 1 of Article 18-A of the General Municipal Law of the State of New York, as amended; Chapter 786 of the 1976 Law of New York under the authority of New York State General Municipal Law Section 911-a and 898-b |
| Abating jurisdiction(s): | Mount Vernon |
| Applicable taxes: | Revenue Bonds; Sales Tax; Property Tax |
| Method of abatement: | Payment In Lieu of Taxes (PILOT) |
| Provisions for recapture: | (not specified) |
| Gross revenue loss: | $3,102,740 |
| Reimbursement / offset: | $942,184 |
| Net revenue loss: | $2,160,556 |
| Type of loss: | Passive |
| Additional notes on dislosure: | Entered into by county/town/city IDAs. |
