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Connecticut 2017 Revenue Lost to Tax Abatement Programs
Population in 2017 : not available
Concerned about the lack of disclosure? We have created institutional schematics for the implementation of GASB Statement No. 77 on Tax Abatement Disclosures in the 50 states and DC: Learn who's in charge of compliance in our ROADMAP PROJECT. You can also get a CSV file of the localities in CT that did not make any tax abatement disclosures in their annual financial reports.
Click on the name of a program for more details.
|Program Name||Program Type||Revenue Loss|
|Enterprise Zone Property Tax Reimbursement||Economic development||$4,884,678|
|Film, TV, Digital Media Tax Program||Economic development||$92,926,321|
|Insurance Reinvestment Fund||Economic development||$20,000,000|
|Urban & Industrial Site Reinvestment Program||Economic development||$41,000,000|
|TABULATED STATE-LEVEL TOTAL||$158,810,999|
Tabulated localities and districts
Click on the name of jurisdiction for a list of tax abatement programs that reduced its tax revenue.
|Reporting Jurisdiction||Jurisdiction Type||Gross Revenue Loss|
|TABULATED LOCALITY AND DISTRICT TOTAL||$9,390,081|
Local government reporting rate
We estimated the reporting rate among local governments for each state using 2018 and 2019 data. This is to gauge how much data is available in that state.
For Connecticut, the estimated reporting rate is as follows:
Cities/counties: 44 out of 171 CAFRs or financial statements we examined provided information on tax abatement programs in accordance with GASB Statement No.77.
School districts: 0 out of 23 CAFRs or financial statements we examined provided information on tax abatement programs in accordance with GASB Statement No.77.