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)
