CITY of ALBUQUERQUE
TWENTY SEVENTH COUNCIL
COUNCIL BILL NO. R-26-58 ENACTMENT NO. ________________________
SPONSORED BY: Klarissa J. Pe?a
RESOLUTION
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Adopting A Proposition To Be Submitted To The Qualified Voters Of The City Of Albuquerque At The 2026 General Election Concerning The Imposition Of A 0.4875% Municipal Gross Receipts Tax, To Be Known As The "Community Investment Tax"; Providing The Proposed Form Of The Ballot Question; And Directing The City Clerk To Take The Actions Necessary To Place The Question On The Ballot (Pe?a)
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WHEREAS, the City seeks to provide a balanced, stable, and sustainable revenue source to support larger-scale generational municipal capital improvements and their necessary operational and maintenance costs, address documented compensation gaps affecting the City's workforce, and maintain access to essential City services, thereby strengthening infrastructure, workforce stability, and long-term fiscal health for the residents of Albuquerque; and
WHEREAS, revenues generated are necessary to support the ongoing operating and maintenance expenses of current and newly constructed City facilities, ensuring these public investments remain open, staffed, and fully functional for city residents through the annual budget process; and
WHEREAS, the City Council, as the legislative body of the City of Albuquerque, holds a fiduciary duty to steward and appropriate taxpayer dollars responsibly and in the highest regard for fiscal integrity, transparency, and long-term financial sustainability; and
WHEREAS, companion Ordinance O-26-57 proposes to impose a 0.4875% municipal gross receipts tax, to be known as the "Community Investment Tax," subject to approval by the qualified voters of the City of Albuquerque; and
WHEREAS, Ordinance O-26-57 dedicates fifty-three percent (53%) of the revenues from the Community Investment Tax to municipal operations and maintenance, including employee wages, and fort...
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