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Santa Fe's proposed tax on high-end homes appears to have failed

March 10, 2009, 12:00 am
By Julia Goldberg
Preliminary results from today's election indicate the proposal to tax homes that sell for more than $750,000, in order to generate money for affordable housing, has failed.
According to the city's website:

The unofficial results in the March 10, 2009, City of Santa Fe Special Municipal Election show that the Workforce Housing Tax was voted down. The unofficial results show 4,557 ballots (54.2%) cast against the initiative and 3,845 ballots (45.8%) cast in favor of the initiative.

Glad I didn't place a bet or make a public prediction, because I really thought it would pass.


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