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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 JurisdictionForsan 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 (Tax Code 313)
Abating jurisdiction(s): Forsan ISD
Applicable taxesProperty Tax
Method of abatement: Reduction of taxable value of property
Provisions for recapture: (not specified)
Gross revenue loss: $348,343
Reimbursement / offset: $708,433
Net revenue loss: $0
Type of loss: Active
Additional notes on dislosureDuring the current fiscal year, the District paid $348,343 back to the companies. However, the District was reimbursed this $348,343 from the Texas Education Agency as it was added to their foundation entitlement allotment and was paid to the District in the current fiscal year. This $348,343 payment from TEA has been reported as State Foundation Revenue. Amounts disclosed in CAFR are the sums from multiple agreements.