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 or Territory: | Texas |
| Effected Jurisdiction: | Big Spring 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): | Big Spring Independent School District |
| 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: | $1,040,394 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $1,040,394 |
| Type of loss: | Active |
| Additional notes on dislosure: | CAFR does not disclose the amount of state funding that is to be provided. In addition to revenue protection payments the company has committed to pay 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 2014. |
