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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 JurisdictionVaughn Municipal School District
Jurisdiction type: School District
Fiscal year ending In2019
Program nameIndustrial Revenue Bonds (IRB)
Program purpose: General Economic Development
Statutory authority: (not specified)
Abating jurisdiction(s): Torrance County
Applicable taxesProperty Tax; Property Tax Distribution
Method of abatement: (not specified)
Provisions for recapture: (N/A - no programs in 2019)
Gross revenue loss: $0
Reimbursement / offset: $134,000
Net revenue loss: $0
Type of loss: Passive
Additional notes on dislosureRecipient of abatement is El Cabo Wind, LLC. County Assessor's office has no record of any values to determine any reductions