Tax Fairness and Budget Adequacy

Faced with falling revenue and unwilling to raise taxes, New Mexico's Legislature made deep cuts in some critical programs. But, as this infographic shows, one area of the budget actually saw increases. (Infographic; March 2016) Read more
Cutting taxes in the hope that jobs will be created is a "race to the bottom" as state revenues decline and services like education, health care and public safety are cut. Investing in our state's human capital and infrastructure is a "race to the top" that will make New Mexico attractive to employers. (Infographic; Feb. 2016) Read more
Between the recent drop in oil and gas prices, the state's sluggish economy, and a decade worth of tax cuts, New Mexico is not bringing in enough revenue to properly fund services like education, health care and public safety. This fact sheet lays out several options lawmakers have for raising new revenue. (A Fiscal Policy Project fact sheet; Feb. 2016) Read more
Some lawmakers have balked at fully funding Medicaid now that we have to start paying our share of the Medicaid expansion, but there are many reasons to do it. The Medicaid expansion has been good for our economy. By increasing demand for health care, Medicaid has created some of the only job growth the state has seen over the last year. And job growth will likely remain strong in the years ahead. (Fact sheet; Feb. 2016) Read more
Some lawmakers have balked at fully funding Medicaid now that we have to start paying our share of the Medicaid expansion, but there are many reasons to do it. Actually, there more than 800,000 reasons to fully fund Medicaid—because that’s how many New Mexicans are able to receive health care thanks to the program. (Fact sheet; Feb. 2016) Read more
Some lawmakers have balked at fully funding Medicaid now that we have to start paying our share of the Medicaid expansion, but there are many reasons to do it. Besides decreasing hospital stays for those who are uninsured, the Medicaid expansion is good for the state piggy bank in other ways, because federal funding is now covering medical bills the state used to pay. We’re also bringing in new revenue. In all, the expansion will more than pay for itself until 2021. (Fact sheet; Feb. 2016) Read more
Some lawmakers have balked at fully funding Medicaid now that we have to start paying our share of the Medicaid expansion, but there are many reasons to do it. For one, the number of hospital stays that are not covered by insurance has dropped, while the number that are covered by Medicaid has risen by the same amount. That saves New Mexico money. (Fact sheet; Feb. 2016) Read more
Could something as seemingly small as a tax on groceries be detrimental to the health of some New Mexicans? This health impact assessment shows that taxing food―as some lawmakers at both the local and state levels are considering—could do harm to families who already struggle to put enough food on their table. (Report; Nov. 2015) Read more
The Gila River diversion is not only bad for the environment, it’s a terrible way to invest what could end up being as much as $1 billion of taxpayer money. There are better ways to meet our state’s water needs and much more important investments to make with those public funds. (Policy brief; Oct. 2015) Read more
New Mexico’s Working Families Tax Credit not only lifts tens of thousands of low-income families out of poverty each year, it also generates economic activity because the money is spent quickly and locally. Increasing the value of the credit would help with New Mexico’s sluggish recovery and cost the state much less than recently enacted tax cuts to profitable corporations. (Legislative brief; Feb. 2015) Read more
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