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 Rio Rancho |
Jurisdiction type: | Municipality |
Fiscal year ending In: | 2022 |
Program name: | The Village at Rio Rancho Tax Increment Development District |
Program purpose: | General Economic Development |
Statutory authority: | Tax Increment Development Act, Sections 5-15-1, et seq. NMSA 1978 as amended. |
Abating jurisdiction(s): | Rio Rancho, New Mexico |
Applicable taxes: | Gross Receipts Tax |
Method of abatement: | Tax diversion |
Provisions for recapture: | (no provisions for recapture) |
Gross revenue loss: | $66,468 |
Reimbursement / offset: | $0 |
Net revenue loss: | $66,468 |
Type of loss: | Active |
Additional notes on dislosure: | (none) |
Document source: | https://www.rrnm.gov/DocumentCenter/View/79558/Agency-6147---City-of-Rio... |