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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.

StateNew Mexico
Reporting JurisdictionSpringer Municipal School District
Jurisdiction type: School district
Fiscal year ending In2019
Program nameIndustrial Revenue Bonds (IRB)
Program purpose: General Economic Development
Statutory authority: Industrial Revenue Bond Act Section 4-59 NMSA 1978
Abating jurisdiction(s): Colfax County
Applicable taxesProperty Tax
Method of abatement: Payment In Lieu of Taxes (PILOT)
Provisions for recapture: (N/A - no programs in 2019)
Gross revenue loss: not reported
Reimbursement / offset: $112,194
Net revenue loss: not reported
Type of loss: Passive
Additional notes on dislosureRecipient of abatement is a solar farm; Other required information required for the GASB 77 disclosure was not provided to the District