Archive for July 29, 2008
All Together — Can We say, “Again?”
By Chuck Ring
Santa Fe County will use bond proceeds which are supported by gross receipts taxes assessed county wide to finance yet another northern county project. Sometimes it seems that the county’s unilateral ways cause gross receipts taxes to fall out of the sky, but the truth is they tumble from businesses throughout Santa Fe County.
In some sense, folks in the Edgewood area should have little concern for taxes ripped from the City of Santa Fe (Santa Fe City gets more than its share) or other communities within the county, but we should be concerned for the tumbling taxes which roll from Edgewood to the Santa Fe County lock safes. In four to five years, if not sooner, all combined gross receipts taxes taken by Santa Fe County from Edgewood may amount to at least a million dollars a year. All such taxes taken from Edgewood to date as a cumulative total far surpass a million dollars. Over a million dollars that we as a community have little say about whether, or even when, some of the monies might gravitate downhill and back to Edgewood.
More on the mud pies from here: