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: | Panhandle 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): | Panhandle ISD |
| Applicable taxes: | Property Tax |
| Method of abatement: | Reduction of Taxable Property Value; Payment In Lieu of Taxes (PILOT) |
| Provisions for recapture: | (not specified) |
| Gross revenue loss: | $1,758,235 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $1,758,235 |
| Type of loss: | Active |
| Additional notes on dislosure: | During fiscal year ended August 31, 2019, the district received approximately $542,000 in payments in lieu of taxes for three agreements combined, but individual amounts are not disclosed. Agreement made with Pattern Panhandle Wind 2, LLC in 2013. |
