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Economists call them economic engines, and the rest of us call them our golden geese. Whatever they’re called, we need to trim spending carefully and, in some cases, feed the goose.
Two cases in point: Ruidoso Downs Racetrack and the film industry.
During the last legislative session, supporters of the Ruidioso Downs Racetrack tried and failed to get a tax break that will allow it to compete with neighboring casinos on the Mescalero Reservation. Without it, the track plans a move to Las Cruces, leaving a $28 million hole in the Ruidoso economy. The measure, which would have cost the state about $1.3 million, died in a Senate committee two years in a row.
Can anybody imagine Ruidoso without its track?
Legislative decision making and news coverage seem to bog down on “the racino’s millionaire owner.” This is immaterial. Any owner, millionaire or otherwise, who’s losing money will take steps to save his business. It’s not complicated. He can either try to reduce his tax burden or go someplace with more customers.
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