“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.”
“Our state lawmakers made great strides in putting working families first this year – especially families with children,” said James Jimenez, executive director of New Mexico Voices for Children, a nonprofit group that supported the tax package and commissioned the report. “These tax changes will really help our working families as well as help make our tax code fairer and more stable.”
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.
“It’s fantastic. It’s a really significant step forward for child care assistance in New Mexico,” said Amber Wallin, New Mexico director for the annual Kids Count report on child wellbeing.
"With that potential citizenship question in there it was pretty clear that was intended to have a dampening impact on the willingness of particularly the immigrant population, but also others, to participate in the census," said Jimenez. Jimenez said New Mexico already leads the country with the highest hard-to-count populations.
Noting New Mexico’s Public Education Department is under a court order to make more investments in its schools, James Jimenez, executive director of the nonprofit New Mexico Voices for Children, said in an email that increasing those rates in the future is “just plain common sense” and will help the state meet the court mandates to improve public education.
When you filed your tax return this year, you may have noticed some changes. Maybe you got a smaller refund than usual or you owed more in state taxes. So what happened to the big fairness measures that the state Legislature just passed?
New Mexico is one of many states that have failed to increase per-student funding compared to a decade ago, according to a new report from the Center on Budget and Policy Priorities (CBPP). There are 26 states that have made larger investments in K-12 students since 2008, per-student funding in New Mexico remained at nine percent less in 2016 than in 2008, after considering inflation.
Hosts Chris Ramirez and Nathan O'Neal discussed what's in store for New Mexico's children. From the 2020 census to the bills working through the Roundhouse right now, there are many impacts on the future generations. Featured on the show are James Jimenez and Amber Wallin with New Mexico Voices for Children.
“It’s also going to take more revenue – and it needs to be a more reliable revenue stream than oil and natural gas. If we don’t stabilize our revenue situation, we’ll just have to cut some of these initiatives when oil and gas prices go down. You can’t expect real education reform on a boom-or-bust funding cycle,” he wrote in an email to the Journal.