Gross receipts tax revenue declines and reserve drawdown
Los Alamos County
Summary
GRT revenue has come in below budget for two straight years, so the county is dipping into reserves this year — about $23 million — though it stays within its target range. A new GRT increment taking effect July 2026 is projected to bring revenue back up to around $113 million.
At a glance
- Total mentions
- 2
- Last 30 days
- 0
Last discussed May 7, 2026.
Impact analysis
The county projects an $80.7 million GRT year for FY2025, down $17.5 million, and a $23 million reserve drawdown in FY2026.
All residents benefit from reserves covering essential services without service cuts.
Shoppers and businesses pay the higher gross receipts tax rate starting July 1.
Mentions & discussions (2)
Transportation Board — May 7, 2026
Council adopted a $351 million budget (down from $368 million) and raised the gross receipts tax to 7.6875% starting July 1 — a change shoppers will see at checkout. Public Works gets a $63 million share.
Planning and Zoning Commission — April 22, 2026
GRT revenue has come in below budget for two straight years, so the county is dipping into reserves this year — about $23 million — though it stays within its target range. A new GRT increment taking effect July 2026 is projected to bring revenue back up to around $113 million.
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