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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 JurisdictionClovis Municipal School District
Jurisdiction type: School District
Fiscal year ending In2017
Program nameIndustrial Revenue Bonds (IRB)
Program purpose: General Economic Development
Statutory authority: State of New Mexico Industrial Revenue Bond Act
Abating jurisdiction(s): City of Clovis
Applicable taxesReal and Personal Property Tax
Method of abatement: Tax Exemption
Provisions for recapture: (not specified)
Gross revenue loss: $484,046
Reimbursement / offset: $100,000
Net revenue loss: $384,046
Type of loss: Passive
Additional notes on dislosure(none)