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: 
New Mexico
Reporting Jurisdiction: 
Clovis Municipal School District
Jurisdiction type
School district
Fiscal year ending In: 
2019
Program name: 
Industrial Revenue Bonds (IRB)
Program purpose
Economic development
Statutory authority
New Mexico Statutes Annotated 1978 3-32
Abating jurisdiction(s)
City of Clovis
Applicable taxes: 
Real and Personal Property Taxes
Method of abatement
Payment in leiu of taxes
Provisions for recapture
(not specified)
Gross revenue loss
$831,421
Reimbursement / offset
$108,686
Net revenue loss
$722,735
Type of loss
Passive
Additional notes on dislosure: 
(none)