The Business Trust funds are now being returned to government actions, stated the president of the Business Coordinating Council (CCE), who advocated for the Payroll Tax to be evaluated first before considering the dissolution of FIDEM.
Roberto Lyle Fritch, president of the Tijuana CCE, stated that due to the 4.25% payroll tax rate, Baja California has lost competitiveness, which has led to the closure of 2,400 businesses in one year, according to Social Security statistics.
He stated that the Business Trust funds come from the payroll tax paid by businesses. Therefore, since it is 70% higher than similar taxes levied in other states, the business sector should have a say in how it is spent.
He added that the 180 million pesos that make up the FIDEM are distributed among the seven municipalities, and that in the case of Tijuana, 15 million have been allocated to Esperanto Park and another six million to city signage, which shows that the funds are returning to the government itself.