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.

State: 
Connecticut
Reporting Jurisdiction: 
Bridgeport
Jurisdiction type
Municipality
Fiscal year ending In: 
2020
Program name: 
Economic Development Tax Abatement Program
Program purpose
Job creation/retention
Statutory authority
City Council Approved Agreement Resolution under CT Statute 32-70
Abating jurisdiction(s)
City of Bridgeport
Applicable taxes: 
Real Property Tax; Personal Property Tax
Method of abatement
(not specified)
Provisions for recapture
Abatement must be limited in duration and generate more taxes eventually than original property value.
Gross revenue loss
$2,572,491
Reimbursement / offset
$0
Net revenue loss
$2,572,491
Type of loss
Active
Additional notes on dislosure: 
(none)