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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 JurisdictionAlbuquerque Municipal School District 12
Jurisdiction type: School District
Fiscal year ending In2023
Program nameTax Abatement - City of Albuquerque
Program purpose: General Economic Development
Statutory authority: Multiple
Abating jurisdiction(s): Albuquerque NM
Applicable taxesReal and Personal Property Tax
Method of abatement: (not specified)
Provisions for recapture: (not specified)
Gross revenue loss: $518,316
Reimbursement / offset: $0
Net revenue loss: $518,316
Type of loss: Passive
Additional notes on dislosureAgreements listed in ACFR
Document sourcehttps://osaconnect.osa.nm.gov/uploads/2023/bfb37804-ef62-449d-a509-5d6f5...