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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 JurisdictionSilverton 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)
Abating jurisdiction(s): Silverton ISD
Applicable taxesProperty Tax
Method of abatement: Payment In Lieu of Taxes (PILOT)
Provisions for recapture: (not specified)
Gross revenue loss: $1,033,434
Reimbursement / offset: $0
Net revenue loss: $1,033,434
Type of loss: Active
Additional notes on dislosureDespite a revenue loss the district received a collective payment of approximately $88,000 from both agreements, but individual amounts are not provided. Recipient may possibly make revenue protection payments. Agreement with Briscoe Wind Farm, LLC made in 2014.