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: | Los Fresnos Consolidated 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, Title 3. Subtitle B. Chapter 313) |
Abating jurisdiction(s): | Los Fresnos Consolidated Independent School District |
Applicable taxes: | Property Tax |
Method of abatement: | Payment In Lieu of Taxes (PILOT) |
Provisions for recapture: | (not specified) |
Gross revenue loss: | $2,557,638 |
Reimbursement / offset: | $1,500,000 |
Net revenue loss: | $1,057,638 |
Type of loss: | Active |
Additional notes on dislosure: | CAFR does not disclose the amount of state funding that is to be provided. CAFR only provides the sum of PILOT funding from its three agreements and does not disclose individual amounts. PILOT is an approximate amount. |