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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.

Effected JurisdictionBarbers Hill Independent School District
Jurisdiction type: School district
Fiscal year ending In2019
Program nameValue Limitation Agreement
Program purpose: General Economic Development
Statutory authority: Texas Economic Development Act, Texas Tax Code Title 3. Subtitle B. Chapter 313
Abating jurisdiction(s): Barbers Hill Independent School District
Applicable taxesProperty Tax
Method of abatement: Reduction of Taxable Property Value; Payment In Lieu of Taxes (PILOT)
Provisions for recapture: (not specified)
Gross revenue loss: $55,233,858
Reimbursement / offset: $0
Net revenue loss: $55,233,858
Type of loss: Active
Additional notes on dislosureCAFR does not disclose the amount of state funding that is to be provided. In addition to revenue protection payments company will also compensate the District for the loss of M&O revenue, reimburse the District for all non-reimbursed costs for extraordinary education related expenses not funded by state aid, and compensate the District for the greater of $100 per student per average daily attendance (ADA) or $50,000 during the term of the agreement, but does not disclose these amounts. Agreement made in 2009.