In a significant development for the local business community, the proposed McKinley County Gross Receipts Tax (GRT) increase has been officially postponed. This decision follows an intensive advocacy period led by the New Mexico Business Coalition (NMBC) and supported by local residents and business owners who voiced strong opposition to the measure.
The postponement of this tax hike provides a critical window for taxpayers. By holding off on the increase, county officials have allowed citizens to maintain their current standing while providing an opportunity for further feedback to the commission. This outcome is a direct result of local residents and small businesses standing up to protect the economy from increased overhead costs.
“This outcome is a testament to the power of a unified community. Protecting our local economy from unnecessary tax hikes is essential for the long-term prosperity of McKinley County.” Carla Sonntag, NMBC President & CEO
Continued Engagement Needed
NMBC continues to monitor fiscal policies throughout the state and advocate for government spending to be transparent and accountable. This development in McKinley County highlights the importance of staying engaged in local legislative issues that directly affect the bottom line of New Mexico businesses.