N.M. Democrats urge restraint on Tesla incentives

Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Share
Updated: 4/03 1:24 pm

ALBUQUERQUE, N.M. (AP) — A dozen legislators and other Democrats say New Mexico shouldn't go overboard in granting tax breaks to Tesla so the electric car company locates a battery plant in the state.

In a letter to the Albuquerque Journal, the Democrats say any bid to attract the plant shouldn't rely solely on tax breaks.

The Democrats' letter says New Mexico can't afford to give up so much future tax revenue to Tesla that education and other needs aren't met. It also says incentives for Tesla shouldn't cause other taxpayers to pay more.

Republican Gov. Susana Martinez has said she might consider calling a special legislative session on economic incentives to make New Mexico more appealing to Tesla.

Arizona, California and Texas also are trying to win the $5 billion battery plant.

 

©2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Share
0 Comment(s)
Comments: Show | Hide

Here are the most recent story comments.View All

No comments yet!
NEWSCASTS ON DEMAND

What's On

All content © Copyright 2014 Intermountain West Communications Company. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.
You may also view our Sitemap

Inergize Digital This site is hosted and managed by Inergize Digital.
Mobile advertising for this site is available on Local Ad Buy.