Email the Board of Finance: Support TIDD Rules

New Mexico’s lands are under attack by mega-developers like Verde Group and SunCal who are attempting to turn our mountains, grasslands, watersheds and open space into sprawling developments and subdivisions. In addition to gobbling up more than tens of thousands of acres of land, a tax giveaway allows them to take billions from the state—up to 75% of increased tax revenue from their development could go directly into the developer’s pockets.

We need to stop the New Mexico land rush, and close down this tax sprawl subsidy which is jeopardizing our open space and quality of life. Rather than incentivizing fringe development with developer handouts, taxpayer money should be used to invest in city services, education, teachers and environmental programs—creating the kind of state we want to live in.

The New Mexico Board of Finance, the body that approves the use of state money for TIDD projects, is currently considering rules that would help increase the Board’s access to important information, increase transparency and ensure taxpayers are getting a fair shake.

Please email Governor Richardson and Lt. Governor Denish, voting members on the Board of Finance, and ask them to support the Board of Finance’s draft rules.

Follow these 3 easy steps to help out.
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Letter	Dear Governor Richardson and Lt. Governor Denish, Tax Increment Financing (TIF) and Tax Increment Development Districts (TIDDs) in “greenfields,” or previously undeveloped open space, pose a significant risk to New Mexico’s environment, undeveloped wild spaces and our quality of life. The New Mexico Board of Finance has drafted rules that would require more information from applicants, provide greater transparency and help to ensure taxpayer money is being well spent. When the Board meets in September to vote, please support these important guidelines.
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