Feb 07 2019

The Working Families Tax Credit is a Smart Investment in a Healthier New Mexico

2019-02-08T14:48:28+00:00 Economic Security Publications, Education Publications, Health Publications, Publications|

Fact Sheet Increasing the Working Families Tax Credit would put another $52 million back into the hands of New Mexico’s hard-working families – and the businesses where they will spend it. It also has been shown to improve school performance and health, among other outcomes.

Feb 05 2019

New Mexico’s Working Families Tax Credit and the Federal Earned Income Tax Credit

2019-02-05T14:08:09+00:00 Economic Security Publications, Education Publications, Health Publications, Local Data, Publications|

Report Tax credits for low- and moderate-income working families are a common-sense way to spur economic activity by putting money into the hands of consumers who will spend it. They have also been shown to improve health outcomes. These are just some of the reasons New Mexico should increase its Working Families Tax Credit. (State-, county- and legislative district-level data on who claims the WFTC and how much they receive)

Jan 24 2019

Improving College Affordability in New Mexico

2019-01-30T12:28:54+00:00 Economic Security Publications, Education Publications, Publications|

Fact Sheet Thanks to large budget cuts over the past decade, college tuition in New Mexico has risen sharply. At the same time, the state's main source of financial aid -- the Lottery Scholarship -- has failed to keep up with rising costs and now covers less than half of average tuition costs. This fact sheet covers the top points from the companion report, Improving College Affordability. (A Working Poor Families publication)

Jan 24 2019

Improving College Affordability to Support New Mexico’s Education, Workforce, and Economic Goals

2019-01-23T15:53:21+00:00 Economic Security Publications, Education Publications, Local Data, Publications|

Report States that graduate more college students and ensure that their workers have the skills needed for 21st century jobs have stronger and more competitive economies, higher wages, lower unemployment rates, and lower poverty rates. But New Mexico has not been focused on improving access to post-secondary credentials for lower-income students and older adults that would help lead to a more broadly shared prosperity. Rather, the state is ignoring long-term economic demands, choosing, instead, to continue to be a low-wage state with the highest long-term unemployment rate, have the highest poverty rate among the employed, and have the second worst student loan default rate in the nation. (A Working Poor Families report; state-level data on state-funded financial aid and some characteristics of college students)

Jan 21 2019

Tax and Jobs Analysis of San Juan Generating Station Closure

2019-01-22T10:42:26+00:00 Publications, Tax and Budget Publications|

Report The San Juan Generating Station in Waterflow, New Mexico, is slated for closure in 2022. Closure of both the mine and plant will eliminate approximately 450 jobs and result in the loss of tax revenue for San Juan County, San Juan Community College, and the local school district. This analysis shows that the complex is a good candidate for redevelopment as a solar photovoltaic plant, saving jobs and tax revenue.

Jan 20 2019

A new Child Tax Credit would put us on the road to a stronger New Mexico

2019-02-13T11:58:14+00:00 Economic Security Publications, Education Publications, Health Publications, Local Data, Publications, Racial and Ethnic Equity Publications, Tax and Budget Publications|

Fact sheet New Mexico’s tax system is upside down—most New Mexico families pay more than twice the rate in state and local taxes than the wealthiest pay. A new state-level Child Tax Credit would help hard-working families and make our tax system more fair. (State-level data on how this tax credit would benefit families)

Jan 19 2019

A tax rebate that’s long-overdue for an expansion

2019-01-30T12:10:00+00:00 Economic Security Publications, Publications, Tax and Budget Publications|

Fact sheet The Low Income Comprehensive Tax Rebate (LICTR) was enacted to make our tax system fairer but because it hasn’t been updated in 20 years, it no longer does the job. LICTR was last amended in 1998. Over the last two decades, the rebate has lost much of its value, because a dollar is worth much less today that it was back in 1998. Over the same time period, our tax system has only gotten more regressive – falling even harder on those with the lowest incomes.

Jan 19 2019

Helping NM Families Get Ahead by Fixing the Child Care Cliff Effect

2019-01-31T14:29:40+00:00 Economic Security Publications, Education Publications, Local Data, Publications|

This updated fact sheet for The Cliff Effect: One Step Forward, Two Steps Back sums up the report's basic message about how the sudden loss of benefits like child care assistance--called the cliff effect--can act as a disincentive for hard-working families trying to lift themselves out of poverty. Also includes policy recommendations for mitigating the cliff effect. (State-level data on the child care assistance program)