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Taos MRA weighs funding options, with plan for consultant briefing on TIF feasibility
Summary
The Taos MRA Board discussed funding mechanisms identified in its plan — including a recommendation for a tax‑increment financing (TIF) feasibility study — and asked staff to invite the plan consultant to present options at the April meeting while some commissioners urged pursuing faster, smaller projects in the near term.
The board reviewed the MRA plan’s recommended funding options and the chair said the plan suggests a TIF feasibility study as a long‑term step. Commissioners acknowledged TIF could secure sustainable revenue but cautioned that it is “a big idea” and resource intensive.
“This is such a new board, and I don't wanna get overwhelmed with grasping for too much too fast,” Commissioner Dan Irion said. “A TIF is great... but it's a big idea, and it's an intensive process... maybe just... let's focus more on some direct, quick wins.”
Members discussed other funding sources the plan lists — tax abatement, bonds, grants, lodgers tax, and public‑private partnerships — and agreed to invite the plan consultant (identified in the meeting as Amy) to the April meeting to present funding options and a stress test of the community benefit matrix.
Why it matters: Commissioners said they want a diversified revenue portfolio but stressed that a TIF requires town coordination and a formal feasibility study, likely facilitated by the town and external consultants. The board asked staff to gather information and to make the consultant presentation a priority at the next meeting. No binding funding decisions were made.
