Revenue impact from National Development tax abatement
Town of East HartfordCity · East Hartford, CT- Disclosed value
- $1.3 million reduction in revenue in FY 2025-2026
- From meeting minutes
- Document date
- Mar 4, 2024
The 30-second brief
East Hartford officials discussed ongoing revenue impacts from the Logistics and Technology Park project with National Development, noting a $1.3 million reduction in FY 2025-2026 due to enterprise zone tax abatement. The town is planning budget adjustments to avoid reliance on non-recurring revenue from this development agreement.
National Development holds this contract with Town of East Hartford. Its other public contracts on record include work for City of Watertown and Hudson School District.
Term as filed: Enterprise zone abatement affecting FY 2025-2026 and beyond.
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Contract details
- Amount
- $1.3 million reduction in revenue in FY 2025-2026
- Document date
- March 4, 2024
- Term
- Enterprise zone abatement affecting FY 2025-2026 and beyond
- Vendor
- National Development
- Agency
- Town of East Hartford
- Source document
- town-of-east-hartford-meeting-minutes-2024-03-04_6f9.pdf (Meeting Minutes)
National Development's other public contracts
More Town of East Hartford contracts
Questions about this contract
Who was awarded the government contract by Town of East Hartford?
National Development was awarded this government contract by Town of East Hartford, as recorded on March 4, 2024. The contract value is $1.3 million reduction in revenue in FY 2025-2026.
How much is the National Development contract with Town of East Hartford worth?
The National Development contract with Town of East Hartford is valued at $1.3 million reduction in revenue in FY 2025-2026.
What type of contract is this?
This is a government contract, documented as a meeting minutes record.
Where was this contract approved?
This contract appears in town-of-east-hartford-meeting-minutes-2024-03-04_6f9.pdf (Meeting Minutes), dated March 4, 2024 from Town of East Hartford. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does National Development hold?
National Development may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Town of East Hartford currently buying?
Explore Town of East Hartford's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.