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: | Grants-Cibola County School District |
Jurisdiction type: | School District |
| Fiscal year ending In: | 2019 |
| Program name: | Industrial Revenue Bonds (IRB) |
| Program purpose: | General Economic Development |
| Statutory authority: | New Mexico Statutes Annotated 1978 7-37-3 |
| Abating jurisdiction(s): | Cibola County |
| Applicable taxes: | Property Tax |
| Method of abatement: | (not specified) |
| Provisions for recapture: | (not specified) |
| Gross revenue loss: | not reported |
| Reimbursement / offset: | $312,500 |
| Net revenue loss: | not reported |
| Type of loss: | Passive |
| Additional notes on dislosure: | The information provided indicates that the District did not receive an fewer revenues than it would have received if there was no tax abatement. As such, the District is unable to determine if there is negative affect on the District. |
