In New Mexico, a county votes narrowly for a sales tax to support the creation of a spaceport (plus a fillip to the school district for "spaceport-related education.") But because the state's enabling legislation required two other counties to join in taxing for the spaceport project to proceed and expenditures to be made, the county doesn't know what to do with the money. The Tax Foundation reports that the county might "be stuck with a pool of money that it wouldn't know what to with." They might not be able to charge the tax as planned from January 1. The blame is largely laid on the other counties that aren't moving fast enough to raise their taxes.

Labels: economics, taxes