Farmington City Council to meet Tuesday on raising taxes to make up for lost revenue



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FARMINGTON, New Mexico — Farmington city officials will consider this week whether to raise taxes for the first time in nearly 20 years.

The Daily Times in Farmington reports (http://bit.ly/1GSjTKY) the Farmington City Council are scheduled to discuss the issue at a meeting Tuesday.

Council members say they have to find a way to make up for millions of dollars in lost tax revenue due to a state plan to phase out "hold harmless" payments.

The council is supposed to formally vote on Aug. 11.

Councilor Mary Fischer is the only councilor so far to say publicly she will not vote for the tax.

"Hold harmless" payments were created in 2004 to make up for repealed gross receipts taxes on food and medicine.

Gov. Susana Martinez signed legislation in 2013 to phase them out.


Information from: The Daily Times, http://www.daily-times.com

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