Subsidy Tracker Individual Entry
Transportation, Communication, Electric, Gas and Sanitary Services; The original project was the acquisition, construction and equipping of a 750 ton per day mass burn solid waste disposal resource recovery facility to be owned by the Town of Babylon, leased to the Agency and subleased to Ogden Martin Systems of Babylon Inc., now known as Covanta Babylon, Inc. In 2009 the $68,220,000 Town of Babylon IDA Resource Recovery Bonds Series 1998 were refunded and Resource Recovery Bonds of $66,395,000 were issued($53,720,000 Series 2009A and $12,665,000 Series 2009B Federally taxable).
Year is fiscal year. Subsidy value is total for the year of property tax abatements and sales tax exemptions less the net of payments in lieu of taxes. Jobs data is total current FTE. Wage data is estimated yearly salary created. See original source for further details on jobs and wage information. Description merges a general industry description with a project specific description as provided in the disclosure. Investment is total project cost.