At their meeting on Monday, March 16, Albuquerque’s City Council will likely be voting on a plan to increase the City gross receipts tax by a massive 0.4875%. We’d like your help to stop it. We believe that Councilors Lewis, Grout, and Champine are solid “no’s” but it is worth contacting ALL other members of the council including co-sponsor of the tax hike Brook Bassan.
You can reach each or all councilors here.
Fresh off a legislative session during which New Mexicans saw increased vehicle registration fees and business tax hikes Albuquerque’s City Council is going to be considering a massive 0.4875% increase in the local gross receipts tax. The tax hike has been introduced by councilors Joaquín Baca, Brook Bassan. Although Council elections are non-partisan Bassan is widely considered a Republican while Baca is a Democrat. The current total tax rate is 7.625% in the City meaning the tax hike would take the City to 8.113 percent. Neighboring Rio Rancho which also has substantially lower property taxes has a 7.4375% GRT…