Bernalillo County officials are recommending a $63 million tax increase to cover a projected budget shortfall for New Mexico's most populous county.
The Albuquerque Journal reports that county commissions were scheduled to consider the proposal Tuesday and that some were cool to the idea.
The proposed gross receipts tax, which is similar to a sales tax, would be three-eighths of a percent, or 38 cents on $100 of purchases.
Officials say the county stands to lose $11 million in annual state funding. But much of the additional money from a tax increase would go toward debt payments.
A signal from the commissioners to move forward with the proposed gross receipts tax would authorize posting of a legal notice. A final decision by the commission would be made in February.
Information from: Albuquerque Journal.
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