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: 
Springer 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 Section 4-59 NMSA 1978
Abating jurisdiction(s)
Colfax County
Applicable taxes: 
Property Tax
Method of abatement
Payment in lieu of taxes
Provisions for recapture
(N/A - no programs in 2019)
Gross revenue loss
not reported
Reimbursement / offset
$112,194
Net revenue loss
not reported
Type of loss
Passive
Additional notes on dislosure: 
Recipient of abatement is a solar farm; Other required information required for the GASB 77 disclosure was not provided to the District