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Los Ranchos trustees place 0.25% local economic‑development tax on Nov. 4 ballot after heated debate
Summary
Trustees voted 4‑0 to place a quarter‑percent local economic development gross‑receipts tax (LITA Logart) on the Nov. 4, 2025 ballot and published a companion LITA ordinance to develop a plan; trustees required two public meetings and staff‑drafted goals before ordinance adoption.
The Village of Los Ranchos will ask voters on Nov. 4, 2025 whether to add a 0.25 percentage‑point local economic development option on top of existing gross‑receipts tax rates to fund local economic development projects. Trustees voted to place the question on the ballot after a lengthy presentation by Grant Taylor and a spirited trustee discussion.
Taylor, who spoke for state economic development interests, said a 0.25% levy — 25 cents per $100 of taxable purchases — could generate roughly $500,000 a year for village projects and that the statute lists eligible uses…
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