The Fletch And Finch Show: Sunday’s Comic

Last week, the ADI reported on an upcoming hearing on Rio Nuevo —

Finchem Hopes To Extend Rio Nuevo District Funding To At Least 2035

On Wednesday, February 14, the Arizona House Of Representatives’ Ways and Means Committee is scheduled to consider extending the life of the Rio Nuevo District. HB2456, sponsored by Rep. Mark Finchem, will extend the life of the District to 2035 and beyond.

Rio Nuevo has been a source of controversy since the time Tucson area voters passed it into law in 1999. After squandering over $200 million in taxpayer dollars, the “revamped” District has become little more than a Gift Clause dodge for Pima County’s government. By law, government entities in Arizona are prevented from using public funds for private interests, but in 2015, Arizona Attorney General Mark Brnovich issued an opinion that the Rio Nuevo TIF (Tax Increment Financing) District was exempt from the law…..

The bill passed out of committee….. check back tomorrow for an in-depth look at Rio Nuevo District funding