Wal-Mart Subsidies in New Braunfels, TX
|Address||3920 North IH 35|
|Type of Facility||distribution center|
|Value of Subsidies||estimated $20 million|
NarrativeWal-Mart received a ten-year abatement on all local taxes, including those going to the school district. Local officials were unable to estimate the value of the abatement, but in 2004 they said that the company was paying about $2.3 million a year. We estimate the total value of the abatement at about $20 million.