.....Advertisement.....
.....Advertisement.....

Gibson to propose tax rollback

-A A +A
By Kirsten Laskey

Los Alamos County is predicting a positive future for its finances. The government’s long-range financial plan projects revenues will exceed expenditures for several years. But rather than allow the county’s savings to balloon, Councilor Robert Gibson proposes giving taxpayers a break.
During the Dec. 7 council meeting, Gibson will present three ordinances. Each of them proposes to repeal a 1/8 percent gross receipts tax (GRT) increment. The percentage is 1/8 because taxes are imposed in 1/8 increments.
The first ordinance Gibson intends to introduce addresses a general increment; the second focuses on a county correctional increment and third is for a fire protection increment. Each increment repealed would equal a $2 million reduction in revenue to the county.
The county receives approximately $56 million a year from GRT.
If approved, the lower tax rates would go into effect July 1, 2011.
Although reducing the GRT rate would mean the county would have less money in the bank, Gibson said the reduction would not impact planned county services or spending.
In addition, “if all three increments are repealed, the average Los Alamos household would save more than $200 per year,” he said.


If you subscribe to the newspaper, you receive FREE access to all the exclusive content of the web site! Simply register to receive uninterrupted access to our award-winning and in-depth local online content!

Renew Current or Past Subscription / Register for Online Subscription

If you currently subscribe or have subscribed in the past to the Los Alamos Monitor, then simply find your account number on your mailing label and enter it below.

Click the question mark below to see where your account ID appears on your mailing label.

Newspaper Acct. ID:
info
Street Address:
(exactly as it appears on the label)

If you are a subscriber and you do not know your account ID or don't have a copy of your newspaper available that shows the information on the address label you can click continue below to search for your account.

New Subscription/30 Day Free Trial Account

If you are new to the award winning Los Alamos Monitor and wish to get a subscription or simply gain access to our online content then please enter your ZIP code below and continue to setup your account.

ZIP Code:



Create a limited access account.
Register to participate in community forums, post on the community calendar, blog etc. This registration does not give you full access to read our award winning content, etc.

The Los Alamos Monitor | lacirculation@lamonitor.com | 505-662-4185
256 DP Road, Los Alamos, NM 87544
Office Hours are 8:00 a.m. to 5:00 p.m., Monday through Friday