Albuquerque Council Votes on Gross Receipts Tax Hike
Santa Fe News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Albuquerque City Council considers a 0.4875% gross receipts tax increase, potentially generating $130M annually. Councilor Brook Bassan advocates for the hike to fund projects like Paseo and Unser expansion, North Domingo Baca Aquatic Center upgrades, and wage increases for low-paid workers. The new rate would be 8.113%, still below 30 other New Mexico cities rates, promoting local growth while maintaining competitiveness.
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