CITY of ALBUQUERQUE
TWENTY SEVENTH COUNCIL
COUNCIL BILL NO.
O-26-57 ENACTMENT NO. ________________________
SPONSORED BY: Klarissa J. Pe?a
ORDINANCE
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Imposing A 0.4875% Municipal Gross Receipts Tax To Be Known As The "Community Investment Tax"; Providing That Revenues Shall Be Used For Municipal Operations And Maintenance, Including Employee Wages; And Providing That Revenues Shall Be Used For Municipal Community Enhancement Projects, Including Related Debt Service; And Providing That The Tax Shall Become Effective July 1, 2027, Upon Approval By The Voters At An Election (Pe?a)
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WHEREAS, the City seeks to impose a municipal gross receipts tax to provide a balanced, stable, and sustainable revenue source for municipal operations and maintenance, employee wages, and municipal community enhancement projects, thereby supporting the City's long-term fiscal health and continued delivery of essential public services; and
WHEREAS, revenues generated are necessary to support the operation, maintenance, repair, and preservation of existing and future City facilities, ensuring these public investments remain open, safe, staffed, and available to residents; and
WHEREAS, the City Council intends that a portion of the revenues dedicated to municipal operations and maintenance be prioritized for increasing employee wages in order to improve recruitment, retention, and market competitiveness of the City's workforce; and
WHEREAS, the City's Evergreen Classification and Compensation Study identified disparities between City employee compensation and the competitive labor market, affecting the City's ability to recruit and retain a qualified workforce; and
WHEREAS, the City Council further intends that wages funded pursuant to this ordinance advance implementation of the City's Evergreen Classification and Compensation Study, with the goal of achieving employee salary levels equal to fifty percent of the Study's recommendations.
BE IT...
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