Panel wants state to fund Spaceport

Panel wants state to fund Spaceport

SANTA FE (KRQE) – A Senate panel announced Monday it’s backing a bill that would keep Spaceport America from using local taxes to fund operations.

On Monday, the Senate Corporations and Transportation Committee endorsed the measure by Republican Sen. Lee Cotter of Las Cruces.

The bill would bar the Spaceport from using excess money from Sierra and Doña Ana counties gross receipts taxes to help pay off bond debt.

Spaceport officials say they need that money for vital services until the state can recruit more tenants.

Backers of the bill say any further funding for the quarter-billion-dollar project should come from the state, not taxpayers.