SANTA FE, NM—A pair of house bills would change how Public Improvement Districts can levy taxes is undergoing some reworking.
The bill, HB 355, was introduced by Rep. Mimi Stewart, a Bernalillo Democrat. But, on Thursday, she told Albuquerque Business First that the bill is being modified to work with a bill sponsored by Rep. Jason Harper, a Rio Rancho Republican.
The new bills are similar, and both seek a reduction in the fees that developers can charge in a Public Improvement District and would establish voting rights for those that own property in the districts.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
