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:
2019
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
:
$2,466,677

Reimbursement / offset
:
$0

Net revenue loss
:
$2,466,677

Type of loss
:
Active

Additional notes on dislosure:
(none)