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: 
Missouri
Reporting Jurisdiction: 
Mexico School District 60
Jurisdiction type
School district
Fiscal year ending In: 
2019
Program name: 
Industrial Development Bonds
Program purpose
Economic Development
Statutory authority
RSMo. Chapter 100
Abating jurisdiction(s)
City of Mexico
Applicable taxes: 
Ad-valorem Tax
Method of abatement
Tax Exemption
Provisions for recapture
Section 100.800 of the RSMo does provide for the recapture of abated taxes, sometimes referred to as "claw back" provisions, in the event an abatement recipient does not fulfill the commitment it makes in return for the tax abatement.
Gross revenue loss
$641,574
Reimbursement / offset
$0
Net revenue loss
$641,574
Type of loss
Passive
Additional notes on dislosure: 
Gross/net revenue losses are both approximate amounts.