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.
| State: | Texas |
| Effected Jurisdiction: | City of Lubbock |
Jurisdiction type: | Municipality |
| Fiscal year ending In: | 2017 |
| Program name: | Tax Increment Financing (TIRZ) |
| Program purpose: | General Economic Development |
| Statutory authority: | (not specified) |
| Abating jurisdiction(s): | Lubbock |
| Applicable taxes: | Property Tax |
| Method of abatement: | (not specified) |
| 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 dislosure: | It 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. |
