Tag: Albuquerque City Council

Albuquerque is Raising the Minimum Wage to $15 by 2030 — Here’s How it Could Reshape Paychecks, Families, and Local Businesses

The Albuquerque City Council has approved a gradual increase in the city’s minimum wage, raising it to $15 an hour by 2030. Supporters say the measure will help working families cope with rising living costs, while businesses argue the phased approach gives employers time to adjust. The decision highlights the ongoing debate over wages, affordability and economic growth in New Mexico’s largest city.

Updated: How a Tax Hike Means for Your Wallet: Albuquerque’s Proposed Increase Shows Why Gross Receipts Taxes Hit Consumers and Small Businesses

Albuquerque’s proposed gross receipts tax increase offers a real-world lesson in financial literacy—showing how local taxes ripple through prices, small businesses, and household budgets.