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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 JurisdictionAlamogordo Municipal School District 1
Jurisdiction type: School District
Fiscal year ending In2019
Program nameIndustrial Revenue Bonds (IRB)
Program purpose: General Economic Development
Statutory authority: New Mexico Statutes Annotated 1978 3-32; Resolution 04-14-15 103-41, County Ordinance 15-01
Abating jurisdiction(s): Otero County, NM
Applicable taxesProperty Tax; Gross Receipts Tax; Compensating Tax
Method of abatement: Tax Exemption
Provisions for recapture: (not specified)
Gross revenue loss: $43
Reimbursement / offset: $0
Net revenue loss: $43
Type of loss: Passive
Additional notes on dislosure(none)