“The Working Families Tax Relief Act would have lasting benefits for millions of children,” said Amber Wallin, deputy director of NM Voices. “Kids whose families receive working family tax credits do better in school, are likelier to attend college, and are likely to earn more as adults.” That’s important not only for the children themselves but for our state, nation, and economy,”
Children who are removed by the state from an unhealthy or potentially dangerous situation do better when they are placed in a foster family than in a group or institutional setting. This is one child well-being indicator on which New Mexico does well above the national average.
“This report makes it clear that while the Legislature and Governor were wise to invest some of the state’s oil-boom revenue surplus in building our infrastructure, we still have a long way to go,” said James Jimenez, executive director of New Mexico Voices for Children. “New Mexico must find a way to significantly increase stable, sustainable revenues in order to make the long-term infrastructure investments that supports a 21st century economy.”
“The census – which is required by the U.S. Constitution – is foundational to our democracy,” said James Jimenez, executive director of New Mexico Voices for Children. “It’s used to determine voting districts for elections ranging from school boards to the U.S. House of Representatives. And, of course, it determines how much federal funding New Mexico will receive for everything from education to health care to highway maintenance. So we need to ensure that everyone is counted.”
Report: NM Should Boost Working Families & Build a Stronger Economy by Expanding its Earned Income Tax Credit
Policymakers in Santa Fe should expand New Mexico’s Working Families Tax Credit (WFTC), a state version of the successful federal Earned Income Tax Credit (EITC) that helps working families earning low wages meet basic needs. State EITCs – which are on the books in 29 states plus the District of Columbia and Puerto Rico – build on the success of the federal credit by reducing hardship for working families and children, and boosting the nation’s future economic prospects.
New Mexico is one of several states that have failed to increase their total per-student funding compared to a decade ago, according to a new report from the Center on Budget and Policy Priorities (CBPP). While 26 states have made larger investments in their K-12 students since 2008, per-student funding in New Mexico remained 9 percent less in 2016 than in 2008, after adjusting for inflation.
“We’re pleased that HB 6 was approved by the committee. This bill is essential for helping New Mexico get off the boom-and-bust revenue cycle of the oil and gas industry and bringing in more revenue to make critical investments in New Mexico’s infrastructure and people."
Poll: New Mexicans Overwhelmingly Support Raising Taxes to Spur Investments in Classrooms, Mental Health, Infrastructure
New Mexico voters overwhelmingly support raising taxes on corporations and those with the highest incomes and using the revenue raised to invest in early childhood and K-12 education, as well as college scholarships, according to a new poll commissioned by New Mexico Voices for Children. Greater funding for mental health services, infrastructure, public safety, and clean energy also all received strong support.
In a state with one of the highest poverty rates in the nation, it would make sense to ensure that state financial aid goes to those who need assistance but that is not the case according to a report released today by New Mexico Voices for Children. Part of the solution is for the state Legislature to immediately replenish the College Affordability Fund from the budget surplus now available.
The impending closure of the San Juan coal-fired power plant and mine does not have to signal economic doom for the small town of Waterflow, NM, where the plant is located. The site is an excellent candidate to be redeveloped for green energy production. That’s one of the conclusions from a new report by economist Kelly O’Donnell, Ph.D.