[1] NOTE:  As provided in LFC policy, this report is intended only for use by the standing finance committees of the legislature.  The Legislative Finance Committee does not assume responsibility for the accuracy of the information in this report when used in any other situation.

 

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F I S C A L   I M P A C T   R E P O R T

 

 

 

SPONSOR:

Picraux

 

DATE TYPED:

2/04/02

 

HB

HJM 72

 

SHORT TITLE:

Albuquerque Arts Alliance

 

SB

 

 

 

ANALYST:

J. Sandoval

 

APPROPRIATION

 

Appropriation Contained

Estimated Additional Impact

Recurring

or Non-Rec

Fund

Affected

FY02

FY03

FY02

FY03

 

 

 

NFI

 

 

 

 

 

 

 

 

 

 

(Parenthesis ( ) Indicate Expenditure Decreases)

 

SOURCES OF INFORMATION

 

LFC files

 

Responses Received From

Economic Development Department

Office of Cultural Affairs

 

No Response

The Department of Finance and Administration

Taxation and Revenue Department

 

SUMMARY

 

House Joint Memorial 72 requests that a study of the feasibility of establishing a special taxing district for the Albuquerque metropolitan area be conducted, by the Middle Rio Grande Council of Governments.  No appropriation is made for this study.

 

FISCAL IMPLICATIONS

 

No appropriation is made for this study.

 

OTHER SUBSTANTIVE ISSUES

 

Other metropolitan areas such as Denver, Salt Lake City, St. Louis and Pittsburgh have all implemented similar taxes to support cultural organizations and improve a certain quality of life. 

 

 

POSSIBLE QUESTIONS

 

  1. Would a tax in support of cultural organizations be contingent upon voter approval?
  2. Would a tax in support of cultural organizations specify what type of art or cultural organizations it would support?
  3. What is the current financial condition of cultural organizations?
  4. Why is this study to only look at the Albuquerque metropolitan area and not the whole state?

 

JFS/njw

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