Rio Rancho Profile

Economy

Gross Receipts Tax Revenues Major employers Sandoval County Economy

 


Gross Receipts Tax Revenues

Rio Rancho is experiencing steady growth in gross receipts tax revenues. From 2000 - 2001 to 2005 - 2007, revenues increased over $19.9 million. On a per capita basis, Rio Rancho collects about 63 percent of the statewide average of gross receipts tax revenues. This fact suggests that the City is suffering retail leakage into the surrounding communities, most notably Albuquerque. The RREDC and City of Rio Rancho are aggressively working to address this issue. The following table identifies Rio Rancho’s gross receipts tax revenue by year.

Gross Receipts Tax Revenue

Year
Revenue
1996-1997
$10,855,796
1997-1998
$11,882,880
1998-1999
$12,341,442
1999-2000
$12,111,788
2000-2001
$12,998,172
2001-2002
$13,526,716
2002-2003
$14,666,007
2003-2004
$16,925,614
2004-2005
$20,644,918
2005-2006
$26,307,175
2006-2007
$32,997,898
2007-2008
$28,128,190

  


Rio Rancho Major Employers

Company

Rank

Company

Rank

Intel Corporation

1

Wal-Mart

12

Rio Rancho Public Schools

2

US Cotton Inc.

13

Intel Contractors

3

Intersections, Inc

14

Sprint PCS

4

Don Chalmers Ford

15

Bank of America Banking Services

5

Lectrosonics, Inc.

16

City of Rio Rancho

6

Waste Management of New Mexico

17

e-Telecare Global Solutions (formerly Phase2)

7

Form-Cove Manufacturing Co., Inc.

18

Brycon Construction

8

Insight Lighting

19

Sandoval County

9

Aeroparts Manufacturing and Repair, Inc.

20

Victoria's Secret Catalogue

10

Aquatic Pools

21

JC Penney Customer. Service Center

11

Aero Mechanical Industries

22

                         Source: Year end Census by RREDC (For 2008) and updated throughout the year


Sandoval County Economy

The NMDOL publishes information on establishments, employment and wages by New Mexico county. As a result, specific information solely on Rio Rancho is not available. However, an abundance of data is available on Sandoval County’s economy.

Updated statistical information is published as data becomes available at the following URL for the New Mexico Department of Workforce Solutions.

www.dws.state.nm.us/dws-lmi.html

 

 

                                                                        

 

Last updated (12/09)