Revenue Stabilization and Tax Policy - Oct 28, 2025 10:05 AM - 11:43 AM

Revenue Stabilization & Tax Policy Committee · October 28, 2025

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Opening and agenda

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Chair opened second day of the committee, outlined agenda: discuss gross receipts tax impacts on local budgets and hear two presentations (New Mexico Counties and municipal league).

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The Revenue Stabilization & Tax Policy interim committee heard presentations on how gross receipts tax (GRT) changes and other tax policy shifts affect New Mexico counties and municipalities. Presenters warned of volatile local GRT receipts, uncertain costs from recent veterans exemptions, and introduced an LFC interactive dashboard showing rising county fund balances and liquidity metrics.

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