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 or Territory: | New Mexico |
| Effected Jurisdiction: | City of Santa Fe |
Jurisdiction type: | Municipality |
| Fiscal year ending In: | 2018 |
| Program name: | Ridgetop 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 taxes: | Property Tax |
| Method of abatement: | Tax Abatement |
| Provisions for recapture: | Yes |
| Gross revenue loss: | $165,390 |
| Reimbursement / offset: | $67,069 |
| Net revenue loss: | $98,321 |
| Type of loss: | Active |
| Additional notes on dislosure: | Industrial 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 source: | https://www.santafenm.gov/financial_reports_1 |
