- Associated Press - Thursday, February 18, 2016

ALBUQUERQUE, N.M. (AP) - Though the Albuquerque zoo will soon begin receiving $15 to $17 million from a gross receipts tax increase, the city is considering moving bond money typically earmarked for the zoo to other projects.

KRQE-TV reports (https://bit.ly/1UaAuVk ) that voters approved a receipts tax increase to fund the Albuquerque BioPark that will take effect in July. Albuquerque Chief of Staff Gilbert Montano says as a result, roughly $3 to $4 million in bond money typically given to the zoo can now go toward other city improvements.

New Mexico BioPark Society Executive Director Julie Miller Rugg says the change was expected, but that the challenge will be recouping that money when the tax increase expires in 15 years.

City officials say even without the bond money, the zoo will receive more money for the day-to-day budget.


Information from: KRQE-TV, https://www.krqe.com

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