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: 
Gadsden Independent School District 16
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, Section 4‐59‐1 to 4‐ 59‐16 NMSA 1978
Abating jurisdiction(s)
Dona Ana County
Applicable taxes: 
Real and Personal Property Taxes
Method of abatement
(not specified)
Provisions for recapture
(not specified)
Gross revenue loss
$146,631
Reimbursement / offset
$120,956
Net revenue loss
$25,675
Type of loss
Passive
Additional notes on dislosure: 
All agreements and their recipients are listed in the CAFR.