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.
State: | New Mexico |
Effected Jurisdiction: | City of Albuquerque |
Jurisdiction type:![]() | Municipality |
Fiscal year ending In: | 2019 |
Program name: | Tax Abatement Program - Industrial Revenue Bonds |
Program purpose:![]() | General Economic Development (IRB) |
Statutory authority:![]() | Article 32 NMSA 1978 and City ordinance 3-2-15 |
Abating jurisdiction(s):![]() | Albuquerque, New Mexico |
Applicable taxes: | Property Tax |
Method of abatement:![]() | Payment In Lieu of Taxes (PILOT) |
Provisions for recapture:![]() | (not specified) |
Gross revenue loss:![]() | $177,110 |
Reimbursement / offset:![]() | $16,970 |
Net revenue loss:![]() | $160,140 |
Type of loss:![]() | Active |
Additional notes on dislosure: | Provided breakdown by named recipients |
Document source: | https://www.cabq.gov/dfa/treasury/investor-information/comprehensive-ann... |