Report: NM Taxpayers Get Few Money-Back Guarantees
New grades are out and, when it comes to tracking whether tax breaks are creating jobs, it’s a disappointing D+ for New Mexico. The grades were issued by the group Good Jobs First in their report “Money-Back Guarantees for Taxpayers: Clawbacks and Other Enforcement Safeguards in State Economic Development Subsidy Programs.” In the report, New Mexico is ranked 45th in the nation, tying with two other states for that spot. Only three states ranked lower.
