City coffers take Balloon Fiesta hit
Albuquerque-Bernalillo County Government Center on Civic Plaza. (Jim Thompson/Albuquerque Journal) ALBUQUERQUE, N.M. — The financial fallout from the Balloon Fiesta cancellation has officially landed in the city of Albuquerque’s books, but pinpointing it is a tricky proposition. Newly released numbers show that the city’s total gross receipts tax revenue for October was $1.77 million, or 4.4%, less than the same month in 2019. Direct year-to-year comparisons are difficult, due to significant variations between 2019 and 2020. That includes both COVID-19 and changes in how much revenue th...
Source: abqjournal.com