Subsidy Tracker Individual Entry
direct from agency; not on web
Subsidy value is total TIF expenditures from FY1995 to FY2011. Subsidy involves partially financing $27.5 million of capital expenditures at manufacturing facilities leased by General Electric from the city. 50 percent of the increase in personal property tax revenue and 100 percent of the increase in real estate tax revenue is in essence returned to GE. Arrangement ends in FY 2014.