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Finance

Debt service payments on general obligation and other tax-supported debt are paid from the general fund, which is the main operating fund of the county.

Based on the current fiscal year’s Consolidated Annual Financial Report (CAFR), the table below describes the past ten years of the five largest sources of tax revenue in the General Fund:

Property Tax

Bernalillo County has the authority to levy a tax on residential and commercial property. The property tax funds a limited amount of county operations and the county’s debt obligations. 

Gross Receipts Tax

Gross receipts tax is the second largest funding source for day-to-day operations of government activities as well as credit support to county gross receipt revenue bonds. These taxes are collected at the point of sale and paid to the state, which makes the distributions to the county each month.

Motor Vehicle, Gas and Cigarette Tax

These taxes are collected at the point of sale and paid to the state, which makes the distributions to the county each month.

Governmental Activities Tax Revenue by Source
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