Albuquerque City Council to vote on proposed gross receipts tax increase

ALBUQUERQUE, N.M. — The Albuquerque City Council is set to vote on a new plan to raise the city’s gross receipts tax Monday night but voters will get the final say.

The gross receipts tax is essentially a sales tax. Councilors Brook Bassan and Klarissa Peña are proposing a less-than-half-percent increase to help pay for ongoing projects, neighborhood improvements and city services.

Bassan proposed a similar increase earlier this year. However, City Council rejected it. Now, she wants this proposal to go to Albuquerque voters…

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