The municipal levy on business revenue generated within Santa Fe serves as a primary source of funding for city services. This percentage, applied to the total income from sales, services, and other business activities, is remitted to the city government. As an example, a business generating $100,000 in revenue would calculate its payment based on the prevailing percentage applicable in Santa Fe.
The funds collected through this levy are critical for supporting essential city functions such as public safety, infrastructure maintenance, and community programs. Its application enables the municipality to provide services to residents and businesses alike. The existence of such a tax has a long-standing history, evolving over time to meet the changing fiscal needs of the city.
