Bernalillo County commissioners last week unanimously approved a financing plant that will allow developer SunCal to support bonds with 30% of the sales taxes and 10% of the property taxes generated from nine tax increment development districts near Petroglyph National Monument.

County economic development coordinator Daniel Gutierrez said the TID diversions are expected to total about $5 million annually by 2024, when the districts are expected to be built out. He said the county will have received $20 million in total revenue over what it will spend to provide service to the development over the same period.

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