Have you been hearing the confusing terms "Tax Increment Financing" and "Tax Increment Development Districts" and wondering what all the fuss is about? It's a big fuss. Tonight, Councilors Benton, Cadigan and Garduno are hoping to pass a measure that would limit how this little monster can be applied in fringe areas of the city (i.e. SUNCAL's Westland property
). If passed, the change could save tens of millions of taxpayer dollars from going to support big-time developers on the fringe.
Check out our post at 1000 Friends of New Mexico
to get the skinny on what all this means. You can even send your council representative an email urging him/her to support this important bill.
you should do it- it's fast and easy and sends a strong message that the community is tired of public dollars being used to prop up big corporate developers building sprawl in our backyard.