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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
Effected JurisdictionCity of Santa Fe
Jurisdiction type: Municipality
Fiscal year ending In2017
Program nameRidgetop Road, LLC IRB
Program purpose: General Economic Development
Statutory authority: NMSA 1978, Sections 3-32-1 to 3-32-16, Industrial Revenue Bond Act.
Abating jurisdiction(s): City of Santa Fe, New Mexico
Applicable taxesProperty Tax
Method of abatement: Tax Abatement
Provisions for recapture: Yes
Gross revenue loss: $65,340
Reimbursement / offset: $65,340
Net revenue loss: $0
Type of loss: Active
Additional notes on dislosureIndustrial Revenue Bond for the construction of the Thornburg Campus. $65,340.25, which was paid to the Santa Fe Public Schools per lease amendment.
Document sourcehttps://www.santafenm.gov/financial_reports_1