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: 
Elida Municipal School District
Jurisdiction type
School district
Fiscal year ending In: 
2019
Program name: 
Industrial Revenue Bonds (IRB)
Program purpose
Economic Development
Statutory authority
Industrial Revenue Bond Act, NMSA 1978, sections 4-59-1 to 4-59-16 (1975, as amended through 2015)
Abating jurisdiction(s)
Roosevelt County
Applicable taxes: 
Property Tax
Method of abatement
(not specified)
Provisions for recapture
(not specified)
Gross revenue loss
$1,837
Reimbursement / offset
$75,000
Net revenue loss
$0
Type of loss
Passive
Additional notes on dislosure: 
Recipient of abatement is Milo Wind Project, LLC, a Delaware limited liability company