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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 JurisdictionRoyal 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; 313.021)
Abating jurisdiction(s): Royal Independent School District
Applicable taxesProperty Tax
Method of abatement: Reduction of Taxable Property Value; Payment In Lieu of Taxes (PILOT)
Provisions for recapture: (not specified)
Gross revenue loss: $253,736
Reimbursement / offset: $0
Net revenue loss: $253,736
Type of loss: Active
Additional notes on dislosureIn addition the company has committed to making revenue protection payments and supplemental payments to the District, but does not disclose these amounts. Value limitation period began in 2015.