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Please note that data are cataloged by fiscal years -- you can switch to different years using the links below. For more info see our user guide.

2019 | 2018 | 2017

Connecticut 2018 Revenue Lost to Tax Abatement Programs


Total Revenue Lost: 
$202,111,124
Download results as CSV or XML

State-level programs

Click on the name of a program for more details.

Program Name Program Type Revenue Loss
Connecticut Neighborhood Assistance Act Credit Program Community development $3,463,307
Enterprise Zone (EZ) Property Tax Reimursement Program Economic development (EZ) not reported
Film, Television, and Digital Media Tax Program Film production $80,197,846
Historic Preservation Tax Credit Program Historic preservation $4,228,078
Historic Rehabilitation Tax Credit Program Historic preservation $28,380,188
Historic Structures Rehabilitation Tax Credit Program Historic preservation $15,502,482
Insurance Reinvestment Fund Program Employment $19,955,940
Research and Development Expenditures R&D $6,463,375
Urban and Industrial Sites Tax Program Redevelopment/revitalization/renewal $43,919,908
TABULATED STATE-LEVEL TOTAL $202,111,124

Tabulated localities and districts

Click on the name of jurisdiction for a list of tax abatement programs that reduced its tax revenue.

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 17 CAFRs or financial statements we examined provided information on tax abatement programs in accordance with GASB Statement No.77.

Concerned about the lack of disclosure? Check out the roadmap on GASB 77 compliance we created for CT. 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.

Why is there little or no reporting from school districts?: Connecticut is a New England state: Local school districts do not produce financial audits (only the few regionalized ones do).

The state does not post local financial audits in an online repository.

Reporting Jurisdiction Jurisdiction Typesort icon Gross Revenue Loss
 
TABULATED LOCALITY AND DISTRICT TOTAL