The House sent legislation to the Senate last week that would allow voters in Bernalillo, Santa Fe, Sandoval, and Valencia counties to approve a 0.125% increase in the local sales tax to pay for operations of the Rail Runner Express commuter rail system between Albuquerque and Santa Fe.

Legislators blew on toy train whistles as they passed the measure, 56 to 9. The bill is scheduled to be considered by the Senate this week.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.