Santa Fe mansion tax approved by voters in landslide
Fox News
Nearly 75% of voters in Santa Fe, New Mexico approved a tax on homes worth over $1 million. Revenue from the new tax will be diverted to affordable housing initiatives.
The ballot measure was pitched as a lifeline to teachers, service-sector workers, single parents and youth professionals who can't afford local mortgages or struggle to pay rent amid a national housing shortage and the arrival in Santa Fe of high-income digital nomads.
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Joe Sanberg, the entrepreneur and anti-poverty advocate who spearheaded a failed measure to raise California's minimum wage, talked about the ballot defeat.