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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 JurisdictionGanado 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 313.024(b)(5))
Abating jurisdiction(s): Ganado Independent School District
Applicable taxesProperty Tax Tax
Method of abatement: Reduction of Taxable Property Value; Payment In Lieu of Taxes (PILOT)
Provisions for recapture: The conditions under which the abated taxes may become eligible for recapture are set out in Texas Tax Code sections 313.0275, 313.0276 and 313.032.
Gross revenue loss: $2,880,662
Reimbursement / offset: $0
Net revenue loss: $2,880,662
Type of loss: Active
Additional notes on dislosureCAFR does not disclose the amount of state funding that is to be provided. Company has agreed to make revenue protection payments as well as supplemental payments to the District in the amount of $100 per ADA or $50,000 whichever is greater, but does not disclose these amounts. Agreement made in 2012.