Commissioner Clarissa McGinn continues to stand steadfast on the side of fiscal conservatism. Her constituents should be proud.
Tax abatements, in my opinion, are bailouts on the front end and just a mutation of economic development scams.
At the last regular meeting of the Otero Commission, I address the three commissioners and proferred a letter with an attachment in the form of a commentary by Greg LeRoy, economist and author of The Great American Jobs Scam. Hear an interview here http://www.npr.org/templates/transcript/transcript.php?storyId=4807184 and read the excerpt of his book here http://www.npr.org/templates/story/story.php?storyId=4807184.
I read the letter for the record at the meeting. It can be viewed at http://www.everythingalamogordo.com/ at the past events button, October 15 Otero Commission Meeting. I told the commissioners if they vote for a tax abatement, they are (paraphrased):
(1) Stepping onto the slippery slope of who qualifies, who does not.
(2) Voting for something detrimental to Otero County.
(3) Tax abatements singularly amount to a hill of beans. Collectively, they are big bucks.
(4) Tax abatements and economic development schemes are not fiscally conservative and therefore, not the will of their constituents.
I welcome any debate on this topic. Tell me how I, and noted economists that I read, are wrong. By the way, this issue is nonpartisan in practice. Think I'll go back and read the Republican Party Platform.......