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Inflation Adjustment
  • CPI: adjusts for changes in the cost of goods and services purchased by consumers
  • IPD: adjusts for changes in the cost of goods and services purchased by governments
  • Economic Growth: adjusts for changes in the size of the state economy (measured in terms of total personal income)
  • None: does not capture changes in the value of a dollar over time.
Tax Abatements for the Elderly and Related Programs 1233-2310

funding levels adjusted for inflation (CPI)

  • Funding History
  • Proposals
Adjusted for inflation (CPI) NOT adjusted
FY23 GAA $24,038,075 $24,038,075
FY22 $25,078,014 $24,038,075
FY21 $26,835,531 $24,038,075
FY20 $27,449,794 $24,038,075
FY19 $27,883,632 $24,038,075
FY18 $28,461,701 $24,038,075
FY17 $29,099,721 $24,038,075
FY16 $29,641,096 $24,038,075
FY15 $29,838,039 $24,038,075
FY14 $30,051,537 $24,038,075
FY13 $31,788,741 $25,038,075
FY12 $32,664,564 $25,301,475
FY11 $33,623,867 $25,301,475
FY10 $34,290,880 $25,301,475
FY09 $39,142,856 $28,600,000
FY08 $39,691,046 $28,600,000
FY07 $41,163,475 $28,600,000
FY06 $27,023,388 $18,300,000
FY05 $28,044,230 $18,300,000
FY04 $28,886,830 $18,300,000
FY03 $29,524,019 $18,300,000
FY02 $31,823,307 $19,300,000
FY01 $35,171,843 $20,959,655

comparisons adjusted for inflation (CPI)

  • See Changes in Funding
Between and
Funding for Tax Abatements for the Elderly and Related Programs
36.8%

comparisons adjusted for inflation (CPI)

Notes

  • Starting in FY10, reimbursements to cities and towns for tax abatements for elders and veterans were incorporated into the line item providing reimbursements for tax abatements for Disabled Veterans, Widows, Blind Persons and the Elderly.

* Funding and comparison information includes all line-items listed above. Download the spreadsheet to see funding levels for individual line-items.

Adjusted for inflation (CPI) NOT adjusted
FY23 GAA $24,038,075 $24,038,075
FY23 Leg $24,038,075 $24,038,075
FY23 Sen $24,038,075 $24,038,075
FY23 SWM $24,038,075 $24,038,075
FY23 Hou $24,038,075 $24,038,075
FY23 HWM $24,038,075 $24,038,075
FY23 Gov $24,038,075 $24,038,075
FY22 $25,078,014 $24,038,075
FY22 GAA $25,078,014 $24,038,075

Notes

  • Starting in FY10, reimbursements to cities and towns for tax abatements for elders and veterans were incorporated into the line item providing reimbursements for tax abatements for Disabled Veterans, Widows, Blind Persons and the Elderly.

* Funding information includes all line-items listed above. Download the spreadsheet to see funding levels for individual line-items.

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