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.
New York 2019 Revenue Lost to Tax Abatement Programs
Population in 2019 : 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 NY 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|
|Empire Zones (EZ)||Economic development (EZ)||$143,000,000|
|Excelsior Jobs Program and Empire State Job Retention Program Credit||$168,000,000|
|Film and Commercial Production Credit||Film production||$758,000,000|
|Industrial Development Agencies (IDAs)||Industrial development||$88,000,000|
|Low Income Housing Credit||$38,000,000|
|New York Youth Jobs Program (formerly Urban Youth Job Program)||Job creation||$40,000,000|
|Qualified Empire Zones Enterprise (QEZE)||Economic development (EZ)||$86,000,000|
|TABULATED STATE-LEVEL TOTAL||$1,451,000,000|
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|
|New York City||Municipality||$3,802,359,000|
|TABULATED LOCALITY AND DISTRICT TOTAL||$3,914,110,144|
Local government reporting rate
We estimated the reporting rate among local governments for each state using 2018 data. This is to gauge how much data is available in that state.
For New York, the estimated reporting rate is as follows:
Cities/counties: 103 out of 134 CAFRs or financial statements we examined provided information on tax abatement programs in accordance with GASB Statement No.77.
School districts: 287 out of 432 CAFRs or financial statements we examined provided information on tax abatement programs in accordance with GASB Statement No.77.