Community Investment Tax Proposal
At a glance
- What: O-26-57 (Peña) would have imposed a 0.4875% municipal gross receipts tax, to be known as the "Community Investment Tax," effective July 1, 2027, upon approval by voters at an election. Revenues would be used for municipal operations and maintenance, including employee wages, and for municipal community enhancement projects, including related debt service.
- Decision (August 17, 2026): Withdrawn by the sponsor, 9-0, on Peña's motion, under Deferrals/Withdrawals. All nine councilors voted for the withdrawal.
- Gap: The record does not give a reason for the withdrawal and does not say whether a revised proposal is planned.
Sources
- City Council action summary, August 17, 2026: https://legistar.granicus.com/cabq/meetings/2026/8/3160_M_City_Council_26-08-17_Action_Summary.pdf
- Council President letter of introduction, June 1, 2026: https://legistar.granicus.com/cabq/meetings/2026/6/3144_M_President_26-06-01_Letter_of_Introduction.pdf
Log
2026-08-17 - City Council
Withdrawn by sponsor, 9-0.
2026-08-03 - President
O-26-57 introduced for August 17. The companion ballot proposition R-26-58 was ruled out of order on Fiebelkorn's appeal of the President's ruling (7-2; against: Bassan, Peña) and removed from the letter.
2026-06-15 - City Council
An earlier version of the same tax idea. R-26-43 (ballot proposition for a 0.4875% gross receipts tax for essential services, the "Community Enhancement And Local Investment Tax"; Bassan, Peña) was amended (No. 1, 9-0) but failed as amended, 4-5 (for: Baca, Bassan, Peña, Rogers; against: Champine, Fiebelkorn, Grout, Lewis, Telles). The companion O-26-42 (imposing the tax and directing revenue to operations, maintenance, cost-of-living and community enhancement projects) was withdrawn 9-0. Grout's motion to reconsider R-26-43 failed 4-5 (for: Baca, Bassan, Grout, Peña). See 2026-06-15 - City Council.
2026-06-01 - President
First introduction: O-26-42 (imposing the municipal gross receipts tax) and R-26-43 (the ballot proposition for a 0.4875 percent tax), both by Bassan, set for the June 15 Council meeting.