Potential TIDD Reform

The New Mexico Legislature's House Judiciary Committee may consider House Bill 451 - Tax Increment Development Act Reforms at their hearing tomorrow at 1:30pm.  Thanks to SWOP for the alert and the summary by New Mexico Voices for Children.      

SWOP reminds us who the members of the House Judiciary Committee are:

Rep.   Al Park (D)   Chair                  
Rep.   Joseph Cervantes (D)   Vice Chair   
Rep.   Elias Barela- SPONSOR (D)    Member
Rep.   Gail Chasey - Co-signer (D)     Member 
Rep.   Daniel R. Foley (R)   Member
Rep.   Antonio "Moe" Maestas (D)  Member
Rep.   W. Ken Martinez  (D)     Member
Rep.   William "Bill" R. Rehm (R)    Member
Rep.   Mimi Stewart (D)   Member
Rep.   Thomas E. Swisstack (D)   Member
Rep.   Gloria C. Vaughn (R)   Member
Rep.   Eric A. Youngberg (R)   Member
Rep.   Teresa A. Zanetti (R)   Member   

That's going to be a close vote in a stuffy room. 

The money line about the bill from the Fiscal Impact Report: 

"Particularly from the state’s point of view there are very few oversight and accountability mechanisms to safeguard the state’s investment in these developments. In unincorporated areas of a county, this means that the state is financing upwards of 90 percent of local government infrastructure with very little input into the process and approvals."

Crossposted on my page at Duke City Fix.