New Mexico’s kids are getting short changed when it comes to funding for education and other important services. This gif-splainer breaks down why New Mexico is losing out on billions it could be using for an education moon shot.
Fact Sheet Improving the Working Families Tax Credit would put more money back into the hands of New Mexico’s hard-working families – and the businesses where they will spend it. (State-level data on Working Families Tax Credit recipients.)
Presentation Fairer tax policies can help to lift our children and families out of poverty and improve child well-being across New Mexico as shown in this presentation to the Legislature's interim tax committee.
Between 2008 and 2018 New Mexico cut state support by $4,030 per student (when adjusted for inflation) – the third deepest cuts per-student of state support in the nation. That’s according to a report released today by the Washington, D.C.-based Center on Budget and Policy Priorities.
Farmington Daily Times--“Tax policy is an important way we express our values as a state and raise the revenue to meet our goals,” Governor Michelle Lujan Grisham said in the press release. “These committees will study reform measures thoroughly and help us make sure we get it right.”
Public News Service--Bill Jordan, government relations officer with New Mexico Voices for Children, said currently those with the largest incomes in the state pay the smallest share of their incomes in state and local taxes, while those with the lowest incomes pay the highest share. He said 385,000 children will benefit when the revamped tax code returns $64 million to working families.
Most New Mexico families with children – 70% – will get a break on their state personal income taxes when they file their 2019 tax returns, thanks to legislation enacted in April by the state Legislature and Governor Michelle Lujan Grisham. That’s according to an analysis by the Washington, DC-based Institute on Taxation and Economic Policy (ITEP), released today in coordination with New Mexico Voices for Children.
Fact Sheet Most New Mexico families with children will see a state income tax cut thanks to legislation enacted in April. The legislation also helps make our state tax system more fair and will provide a reliable stream of revenue for our schools, hospitals, and more. (State-level estimates on number of taxpayers who will see a state income tax cut and the total amount returned.)
Albuquerque Journal--To effectively address New Mexico’s interlocking problems, this free-tuition idea can avoid regrettable results if we learn from the Yazzie-Martinez litigation and the Lottery Scholarship outcome data.
Despite a fairly strong economy nationally, ten states – including New Mexico – have seen an increase in the share of children living in areas of concentrated poverty, according to a new report. The report also shows that children of color are more likely to live in high-poverty, low-opportunity neighborhoods than are white children.