ALBUQUERQUE’S REVENUE PICTURE APPEARS TO BE LOOKING UP. THE ALBUQUERQUE JOURNAL REPORTS THAT, FOR THE FIRST QUARTER OF THE YEAR, THE CITY’S GROSS RECEIPTS TAX REVENUE FROM BUSINESS ACTIVITY WAS UP FOUR PERCENT FROM A YEAR AGO…AT JUST UNDER 95-MILLION DOLLARS. AND MORE TAX MONEY IS EXPECTED TO COME IN LATER THIS SUMMER.
IN JULY, A GROSS RECEIPTS TAX HIKE OF THREE-EIGHTHS OF A PERCENT GOES INTO EFFECT. MORE THAN HALF OF THE EXTRA DOLLARS ARE TARGETED FOR PUBLIC SAFETY.
