New Jersey 2017 Revenue Lost to Tax Abatement Programs
Total Revenue Lost:
$354,142,492
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State-level programs
Click on the name of a program for more details.
|
Program Name |
Program Type |
Revenue Loss |
|
Angel Investor Tax Credit |
Economic development |
$9,739,000 |
|
Busi. Retention & Relocation Assistance Grant Program |
Economic development |
$14,766,000 |
|
Economic Redev & Growth Program |
Economic development |
$8,057,000 |
|
Grow New Jersey Assistance Program |
Economic development |
$54,451,000 |
|
Technology Bus. Tax Certificate Transfer Program |
Economic development |
$35,221,000 |
|
Urban Transit Hub Tax Crdit Program |
Economic development |
$86,925,000 |
|
TABULATED STATE-LEVEL TOTAL |
|
$209,159,000 |
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 New Jersey, the estimated reporting rate is as follows:
Cities/counties: 26 out of 57 CAFRs or financial statements we examined provided information on tax abatement programs in accordance with GASB Statement No.77.
School districts: 121 out of 562 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 NJ. You can also get a CSV file of the localities in NJ that did not make any tax abatement disclosures in their annual financial reports.
Local government / school district financial audits are posted here.
|
Reporting Jurisdiction |
Jurisdiction Type |
Gross Revenue Loss |
|
Hudson County |
County |
$53,273,047 |
|
Jersey City School District |
School district |
$51,950,931 |
|
Elizabeth School District |
School district |
$5,270,784 |
|
Glassboro School District |
School district |
$5,068,137 |
|
South Orange-Maplewood School District |
School district |
$3,244,056 |
|
North Brunswick Township School District |
School district |
$2,164,714 |
|
Collingswood School District |
School district |
$2,132,688 |
|
Montclair Township School District |
School district |
$2,035,695 |
|
Long Branch School District |
School district |
$1,789,728 |
|
Newton School District |
School district |
$1,396,834 |
|
Wayne Township School District |
School district |
$1,298,403 |
|
Burlington Township Board of Education |
School district |
$1,272,786 |
|
Winslow Township School District |
School district |
$1,242,945 |
|
Gloucester Township School District |
School district |
$1,013,166 |
|
Trenton School District |
School district |
$866,407 |
|
Washington Township School District |
School district |
$757,827 |
|
Scotch Pines-Fanwood Regional School District |
School district |
$751,643 |
|
Highland Park Borough School District |
School district |
$738,443 |
|
Edgewater Park Township School District |
School district |
$725,070 |
|
Matawan-Aberdeen School District |
School district |
$652,599 |
|
Bound Brook School District |
School district |
$619,998 |
|
Freehold Borough School District |
School district |
$577,896 |
|
Toms River Regional School District |
School district |
$564,563 |
|
Maple Shade School District |
School district |
$479,541 |
|
East Brunswick School District |
School district |
$473,598 |
|
Bridgeton City School District |
School district |
$382,215 |
|
Mt Olive Township School District |
School district |
$367,419 |
|
East Windsor Regional School District |
School district |
$357,301 |
|
Sparta Township School District |
School district |
$331,800 |
|
Haddon Township School District |
School district |
$285,135 |
|
Morris Hills Regional School District |
School district |
$273,638 |
|
Cinnaminson Township School District |
School district |
$256,504 |
|
Caldwell-West Caldwell School District |
School district |
$254,341 |
|
South River Borough School District |
School district |
$233,356 |
|
West Windsor-Plainsboro School District |
School district |
$225,924 |
|
Bernards Township School District |
School district |
$196,032 |
|
Monroe Township School District |
School district |
$182,675 |
|
Jackson Township School District |
School district |
$178,837 |
|
Willingboro Township School District |
School district |
$178,782 |
|
Neptune Township School District |
School district |
$169,721 |
|
Bellmawr School District |
School district |
$168,022 |
|
Mount Laurel Township School District |
School district |
$157,713 |
|
Lower Cape May Regional School District |
School district |
$102,443 |
|
Hackettstown School District |
School district |
$97,916 |
|
Hamilton Township School District |
School district |
$59,458 |
|
Madison Borough School District |
School district |
$42,459 |
|
Edison School District |
School district |
$41,116 |
|
Salem School District |
School district |
$36,280 |
|
Burlington City School District |
School district |
$27,050 |
|
Rancocas Valley Regional High School |
School district |
$15,856 |
|
Black Horse Pike Regional School District |
School district |
$0 |
|
TABULATED LOCALITY AND DISTRICT TOTAL |
|
$144,983,492 |
