Oct 21 2020

New Mexico’s oil and gas collapse could last years amid calls for economic diversification

2021-01-07T11:38:53-07:00Health News Coverage, News Coverage, Tax and Budget News Coverage|

Economic analysts warned that New Mexico could be unable to rely on its oil and gas industry as the market continues to struggle amid the COVID-19 pandemic. Lease fees, royalty payment and taxes from oil and gas operations accounted for about 30 percent of the state’s budget in recent years, per a recent study from the Institute for Energy Economics (IEEFA) and Financial Analysis.

Oct 21 2020

New report on decline of oil and gas industry should get lawmakers’ attention

2021-01-07T11:39:10-07:00Health News Coverage, News Coverage, Tax and Budget News Coverage|

The oil and gas industry is in decline – and has been for at least a decade – according to a new economic report from the Institute for Energy Economics and Financial Analysis (IEEFA). This isn't the fault of the coronavirus, but the pandemic has helped underscore some of the industry's problems.

Aug 29 2020

A better future awaits state — on the other side of oil industry

2020-09-22T13:12:24-06:00Economic Security News Coverage, Health News Coverage, News Coverage|

Instead, we should repeal the failed trickle-down tax breaks that were handed to the well-connected and big out-of-state corporations over the past two decades. Not only would this make us far less dependent on revenue from oil and gas, it would make our tax system more equitable for everyday working New Mexicans and more stable.

Aug 25 2020

Governor urges New Mexico to ‘double down’ on early childhood education

2020-09-22T12:53:56-06:00Economic Security News Coverage, Education News Coverage, Health News Coverage, Kids Count News Coverage, News Coverage|

“The skeptics and the challengers are loud. But we have the facts and the families on our side,” Lujan Grisham said, calling for a renewed commitment to investing in “a system that continues its focus on children and families” during the 2021 legislative session.

Aug 08 2020

Former UNM professor: ‘People are ready’ to address racism

2020-08-11T12:00:38-06:00Economic Security News Coverage, News Coverage, Racial and Ethnic Equity News Coverage|

During a talk Thursday night sponsored by Albuquerque-based New Mexico Voices for Children, Harris, a longtime New Mexico resident, said he wonders how far along the U.S. has come since 1968, when the group released its findings. He noted the civil, racial and political unrest in the nation this year in the wake of the death of George Floyd, a Black man killed during a May 25 arrest in Minneapolis.

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