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SANTA FE, November 1, 2023 – The City of Santa Fe is proposing a $1,000 retention incentive for every employee who agrees to stay employed with the City through June 30, 2024. As a result of unanticipated gross receipts tax (GRT) revenue that exceeds what was budgeted for in FY2023, City leadership has put forward a budget adjustment resolution (BAR) that would provide the funding sufficient to allocate this retention incentive.