Wednesday, 21 February 2018 15:12

Proposed GRT Tax Increase

Did you hear about the proposed City of Albuquerque tax increase? It's true, ABQ City Councilors Trudy Jones and Ken Sanchez have proposed a $55 million dollar (estimated per year) gross receipts tax increase. As pointed out in the Rich States, Poor States book, areas that insist on raising taxes end up losing their greatest resource---their people---resulting with bigger budget problems than before taxes were raised. Better management of tax dollars, not higher taxes are what is needed.

The legislation will be introduced today, 2-21-18 at the ABQ City Council meeting. If councilors pass the tax increase ordinance before April, the tax will start on July 1. You can let the councilors know how you feel HERE.


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