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Los Ranchos trustees adopt ordinance on municipal gross‑receipts share
Summary
Trustees voted unanimously to adopt Ordinance 300, establishing the village's municipal share of gross receipts described in the record as 1.5625; no members of the public spoke on the measure and trustees said it will help offset forecasted expenses.
The Board of Trustees of the Village of Los Ranchos de Albuquerque adopted Ordinance 300 after a brief public hearing and discussion.
Administrator presented the ordinance as a repeal of Ordinance 115 and described the village's municipal portion of the gross receipts tax as "1.5625 per." No members of the public had signed up to speak on the item.
Trustees discussed the ordinance as part of the Village's revenue plan and then moved to adopt. A motion to adopt passed on a roll call vote with Trustee Keir, Trustee Radnovich and Trustee Ryo voting "yes."
Why it matters: Trustees said the additional municipal gross receipts allocation is intended to help offset ongoing expense pressures identified in the fiscal presentation, including large bond payments. The ordinance will become part of the Village's revenue structure and is the product of prior board discussion and outreach.
What happens next: The ordinance is adopted and will be implemented according to municipal procedures; staff did not identify any public hearings that remain for this adoption step.
Quote: "The amount that the village will get of the GRT is 1.5625 per.," Administrator said during the hearing.
Board action: Ordinance 300 was adopted by unanimous roll call vote.
