Repurposing the expiring higher education gross receipts tax
Rio Rancho
Summary
A 0.25% tax that brings in about $6 million a year sunsets June 30, 2028. Staff want to discuss in December converting it to a general services tax to fund operations — possibly including a new streets and right-of-way facility that needs bonding.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
Discussed at 1 meeting in the last 60 days; most recently Sep 24, 2026.
Impact analysis
Roughly $6 million a year in potential revenue redirection.
City operations and capital projects like the streets facility if the tax is repurposed.
Higher education facilities that currently receive the funding.
Mentions & discussions (1)
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