« Return to search form

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.

State or TerritoryNew Mexico
Effected JurisdictionBelen Consolidated School District 2
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 3-32-1 to 3-32-16
Abating jurisdiction(s): City of Belen, NM
Applicable taxesProperty Tax
Method of abatement: (not specified)
Provisions for recapture: (not specified)
Gross revenue loss: $82,790
Reimbursement / offset: $0
Net revenue loss: $82,790
Type of loss: Passive
Additional notes on dislosure(none)