Sierra, which is where TorC is, Dona Ana, which is where Las Cruces and New Mexico State is, and at one point Otero, which has Alamogordo and both part of White Sands and Holloman AFB. The increase of a gross receipts tax increase (effectively a sales tax, but on services as well as goods) was required to be approved by the voters and was, back in 2008. The biggest economic drivers in those counties are NMSU/Las Cruces and the various Federal installations like Holloman AFB, White Sands Missile Range, Ft. Bliss (though that's more in El Paso), and so on.
I had no problem with the idea and voted for it at the time. I still don't think it's a terrible idea if launches actually get started--outside money from Virgin Galactic, outside money from tourists and passengers, and possible use of it for other launches. There is simply not much of an economic driver in TorC or all of Sierra County, unless you want to spend the night in a little hotel with a hot spring fed directly into your bathtub. There's some beautiful country in the county, but that's not going to drive lots of tourism. I'm sure I've driven past TorC on I-25 far more than I ever stopped there.
I have no problem with more state funding going to it. Eventually, the plug might have to be pulled if it really never happens, but big ideas are a risk and governmental funds should be used.