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: | Forsan Independent School District |
Jurisdiction type: | School district |
| Fiscal year ending In: | 2019 |
| Program name: | Value Limitation Agreement |
| Program purpose: | General Economic Development |
| Statutory authority: | Texas Economic Development Act (Tax Code 313) |
| Abating jurisdiction(s): | Forsan ISD |
| Applicable taxes: | Property 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 dislosure: | During 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. |
