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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.

StateMissouri
Reporting JurisdictionMexico School District 60
Jurisdiction type: School district
Fiscal year ending In2019
Program nameIndustrial Development Bonds
Program purpose: General Economic Development
Statutory authority: RSMo. Chapter 100
Abating jurisdiction(s): City of Mexico
Applicable taxesProperty Tax Taxes
Method of abatement: Tax Exemption
Provisions for recapture: Section 100.800 of the RSMo does provide for the recapture of abated taxes, sometimes referred to as “claw back” provisions, in the event an abatement recipient does not fulfill the commitment it makes in return for the tax abatement.
Gross revenue loss: $641,574
Reimbursement / offset: $0
Net revenue loss: $641,574
Type of loss: Passive
Additional notes on dislosureGross/net revenue losses are both approximate amounts.