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Tax Break Tracker Individual Entry

Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.

StateTexas
Effected JurisdictionCity of Lubbock
Jurisdiction type: Municipality
Fiscal year ending In2017
Program nameTax Increment Financing (TIRZ)
Program purpose: General Economic Development
Statutory authority: (data not yet retrieved)
Abating jurisdiction(s): Lubbock
Applicable taxesProperty Tax
Method of abatement: (data not yet retrieved)
Provisions for recapture: (not specified)
Gross revenue loss: $6,149,585
Reimbursement / offset: $0
Net revenue loss: $6,149,585
Type of loss: Active
Additional notes on dislosureIt is unclear whether Lubbock adopted GASB 77. Management report says city Finance Dept is responsible for tracking tax abatements; yet none are disclosed. TIF reporting occurs outside of GASB 77 and is noted here.