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: 
Grants-Cibola County 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 7-37-3
Abating jurisdiction(s)
Cibola County
Applicable taxes: 
Property Tax
Method of abatement
(not specified)
Provisions for recapture
(not specified)
Gross revenue loss
$0
Reimbursement / offset
$312,500
Net revenue loss
$0
Type of loss
Passive
Additional notes on dislosure: 
The information provided indicates that the District did not receive an fewer revenues than it would have received if there was no tax abatement. As such, the District is unable to determine if there is negative affect on the District.