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: | Grady 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): | Grady ISD |
| Applicable taxes: | Property Tax |
| Method of abatement: | Payment In Lieu of Taxes (PILOT) |
| Provisions for recapture: | (not specified) |
| Gross revenue loss: | $1,143,749 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $1,143,749 |
| Type of loss: | Active |
| Additional notes on dislosure: | Despite a revenue loss the district receives collective payments of approximately $36,000 and $47,000 from all three agreements, but individual amounts are not provided. Recipient may possibly make revenue protection payments. Agreement with Colbeck's Corner, LLC made in 2014. |
