Inflation issues that are encroaching into the nation’s economy will ripple into the city’s finances, but just how much is still unknown.

Professor Reilly White, principal with the consulting firm Erebor, said inflation spurred by the coronavirus pandemic likely will result in more gross receipts tax revenue for municipalities like Santa Fe, though he warned city officials should brace for cost increases to large, capital projects as prices for building materials skyrocket.

“There is good and there is bad, and both of those are significant,” White said.

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