Albuquerque Rejects Another Tax Hike

Albuquerque’s City Council rejected a second proposal in four months to raise the Gross Receipts Tax by 0.4875%, which would have brought the total to 8.1% and generated $113 million annually for community projects and employee cost-of-living adjustments. With a 5-4 vote, the measure failed to advance to a November ballot. Critics argued the city should manage its budget better and cited ballooning project costs like the North Domingo Baca Aquatics Center as reasons to distrust tax increases. Councilors opposed the hike, citing rising property and utility costs and believing the city could operate within its current budget. Supporters countered that funds would be distributed evenly across districts for broad improvements and stressed the need to invest in infrastructure and staff to boost quality of life and support city growth. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/6053b603455a1270