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Albuquerque City Council doesn't overturn TIDD veto

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Councilor Michael Cadigan's attempt to override a veto of his Tax Increment Development District bill fell two votes shy.

Under a TIDD, the developer receives a percentage of the future property and gross receipts taxes generated in the district to pay for infrastructure, with the hope the development will draw jobs to the community.

Cadigan's bill, which passed Dec. 3 by a 3-2 vote, would have prohibited TIDD's in greenfields, or areas not serviced by city water.

Mayor Martin Chavez vetoed the bill two days later.

Cadigan's attempt to override the veto Monday failed 5-4. He needed six votes, but was unable to convince councilors Sally Mayer, Ken Sanchez, Brad Winter, Trudy Jones or Don Harris to his side.

While the bill was largely a policy decision on growth, California developer SunCal Cos. — owners of 55,000 acres on the West Side — were a focal point of the discussion. About 1,500 acres of SunCal land is in the city; the company is expected to apply for a TIDD with the city.

Cadigan said he felt TIDDs should be limited to infill developments or for blighted areas, and his position appeared to have widespread public support.

But several councilors felt SunCal's program should be evaluated on its merits, and voted to sustain the veto.

Cadigan, who called the TIDDs a "massive taxpayer ripoff," ended the debate with a question:

"What happened to capitalism?," Cadigan asked. "What happened to asking a developer to get the money from a bank instead of taxpayers?"