Monday, March 16, 2009
Action Alert: TIDD Financing
From New Mexico Voices for Children: Action Alert!
Issue: Tax Increment Development Districts (TIDDs)
Background: TIDDs allow a land developer to divert a large amount of state gross receipts taxes, which would normally fund programs (like education and public safety) that benefit the whole state, to pay for public infrastructure that benefits just one area of one city. TIDDs are very new to New Mexico and can involve billions of dollars, but the potentially negative impacts are not well known.
Action Needed: Please call your legislators and ask them to enact a moratorium on new TIDDs to give the state adequate time to study the long-term impacts (see below).
What You Might Say: There is simply too much money at stake with TIDDs for us to move forward with anything but extreme caution. Please enact a moratorium on TIDDs and require a thorough study that looks at the long-term fiscal impact for the whole state.
Contact Info: You can call the state Capitol switchboard at 505-986-4300 and ask to be transferred to your representative or senator. You can also visit the NM Legislature website for direct contact info. To find out who represents you in the Senate and House, select 'Find Your Legislator' from the menu under 'Members' on the left-hand side of the home page. Thank you for raising your VOICE for New Mexico's children!
For more information please visit this Facebook group*: "Stop the Westside TIDDs! New Mexicans for Smart Growth"
There is a wealth of information about SunCal and TIDDs available on the site. Please join the group, contact your Legislator, and help Stop the Westside TIDDs!
*The Facebook group is not affiliated with New Mexico Voices for Children
Posted by: Matthew Padilla | Mar 16, 2009 11:53:49 AM