"State Name","State","Jurisdiction Name","Jurisdiction Type","Fiscal Year Ending","Program Name","Program Purpose","Statutory Authority","Abating Jurisdictions","Applicable Taxes","Abatement Method","Recapture Provisions","Gross Revenue Loss","Reimbursement","Net Revenue Loss","Type of Loss","Disclosure Notes","Document Source" "New Jersey","NJ","Wharton Borough School District","School District","2019","Long Term Tax Exemptions","Construction/rehabilitation","The Long Term Tax Exemption Law (N.J.S.A 40A:20-l et seq.); N.J.S.A. 40A:20-12b","Borough of Wharton","Property Tax","Payment In Lieu of Taxes (PILOT)","In the event that the redeveloper fails to make the required Annual Service Charge payment within the required period of time which would constitute a breach of the agreement, the Borough has the right as one of the allowable remedies to proceed against the redeveloper pursuant to the In-Rem Foreclosure Act.","$968,871","$578,485","$390,386","Passive","Only a portion of the reported number is allocated to the school district",""