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Bernalillo council puts 0.25% LEDA local-option gross receipts tax on March 3 ballot
Summary
The Town voted unanimously to place a one‑fourth of one percent Local Economic Development Act local-option gross receipts tax (LEDA LOGRT) question on the March 3, 2026 municipal ballot; revenue would be dedicated to economic development projects including arts and cultural facilities.
The Town of Bernalillo governing body voted unanimously Dec. 22 to place a one‑fourth of one percent (0.25%) Local Economic Development Act local-option gross receipts tax (LEDA LOGRT) question on the March 3, 2026 municipal ballot.
Staff presented Resolution No. 12/22/2025 describing the LEDA LOGRT proposal and the types of "public support" the statute authorizes, including provision of land, public‑works infrastructure, loans or grants for land and buildings, and promotion or administration (limited to 10% of LEDA revenue). The resolution notes qualifying entities under LEDA and states the tax would be paid by persons engaging in business within the Town at a rate of 25 cents per $100 of taxable gross receipts.
Councilor Prairie moved to approve placing the question on the ballot; Councilor Montoya seconded. Roll-call vote was unanimous. The ballot language submitted to the Sandoval County Clerk (as recorded in the minutes) asks whether Bernalillo voters approve a 0.25% LEDA LOGRT with revenues dedicated to furthering or implementing economic development plans and projects, including arts and cultural districts, cultural facilities and retail businesses.
The Council’s action places the question before voters; it does not itself enact the tax. If approved by a majority of voters voting on the question, the Town would be authorized to adopt the LEDA LOGRT per New Mexico law.
