Jul 13 2020

2020 Special Session Budget Summary

2020-07-13T16:26:35-06:00Education Publications, Health Publications, Publications, Tax and Budget Publications|

Fact sheet The New Mexico Legislature was called into a special session on June 18 in order to address revenue shortfalls in the state budget due to the COVID-19 pandemic, economic downturn, and the global drop in oil prices. Although Congress had passed legislation to help the states, New Mexico still had to trim the budget lawmakers had passed in January 2020 by $580 million. This fact sheet shows what got cut and by how much.

Jun 24 2020

How the Federal COVID-19 Response Impacts New Mexico: Health Care

2020-08-27T13:02:55-06:00Health Publications, Local Data, Publications, Tax and Budget Publications|

Fact sheet (eighth in the series) Health care should be universally available in a global pandemic. While the U.S. still seems to be years away from joining the rest of the wealthy nations in guaranteeing this basic right, Congress did approve some financial assistance to states for their Medicaid programs. (State-level data on rates of uninsurance and Medicaid enrollment)

May 30 2020

A Guide to New Mexico’s State Budget

2020-08-27T13:25:18-06:00Human Rights/Civic Participation Publications, Publications, Tax and Budget Publications|

Budget Guide Our state budget is a reflection of what we value most and an illustration of the kind of communities we wish to create. How we spend and allocate funding – basically, how we make our values a reality – is decided by the lawmakers we elect to represent us in Santa Fe. They create the annual budget that the state uses to provide services that benefit us collectively, like education and health care. (Link to the executive summary here.)

May 19 2020

How the Federal COVID-19 Response Impacts New Mexico: Unemployment Insurance

2020-07-14T11:50:19-06:00Economic Security Publications, Local Data, Publications, Racial and Ethnic Equity Publications, Tax and Budget Publications|

Fact sheet (fifth in the series) The safety measures put in place across the nation to slow the spread of COVID-19 have led to massive worker layoffs. This has, in turn, overwhelmed the ability of most states to keep up with unemployment insurance claims. This fact sheet looks at how the stimulus passed by Congress will help New Mexico's laid-off workers. (State-level data on unemployment)

May 14 2020

How the Federal COVID-19 Response Impacts New Mexico: Fiscal Relief for Tribes, States & Cities

2020-07-14T10:34:34-06:00Economic Security Publications, Publications, Racial and Ethnic Equity Publications, Tax and Budget Publications|

Fact sheet (fourth in the series) Tribes, states, and local governments are facing enormous costs in their attempt to contain, treat, and respond to this unprecedented public health emergency. Simultaneously, tax revenues are falling with the plummeting economic activity. Federal legislation was passed to help address the immense revenue needs for New Mexico and all the other states, but more will be needed in the future.

Apr 30 2020

Essential but Excluded

2020-08-27T14:47:52-06:00Economic Security Publications, Local Data, Publications, Racial and Ethnic Equity Publications, Tax and Budget Publications|

Report Despite the fact that immigrants work, pay taxes, and are a vital part of our economy, many were left out of the relief packages Congress passed to help blunt the coming recession and assist displaced workers and small business owners. Not only is that harmful to many New Mexico children and families, it also will impede our ability to rebuild our economy. (State- and some county-level data on selected demographics, and state-level data on immigrant tax contributions)

Mar 12 2020

It’s Time to Repeal the Capital Gains Deduction

2020-08-27T15:00:18-06:00Publications, Racial and Ethnic Equity Publications, Tax and Budget Publications|

Policy brief New Mexico is one of just nine states to effectively tax capital gains less than the wages and salaries earned by hard-working New Mexicans. Beginning in 2003, those with capital gains income – who are overwhelmingly the wealthiest in New Mexico – were allowed to deduct 50 percent of their capital gains from their state income taxes. In 2019, legislators reduced the amount to 40 percent.

Mar 12 2020

A Guide to New Mexico’s Tax System

2020-08-27T13:51:46-06:00Human Rights/Civic Participation Publications, Publications, Tax and Budget Publications|

Tax guide The taxes we all pay are how we fund the state’s programs and public services that benefit us collectively. They are how we build our roads, bridges, waterlines, electrical grids, and how we educate our children, advance public health, and uphold our laws. These programs and services form the foundation of our economy, enhance our quality of life, and pay dividends far into the future. (Link to the executive summary here.)

Feb 07 2020

Early Childhood Education Helps All Kids Thrive

2020-03-12T14:18:59-06:00Economic Security Publications, Education Publications, Local Data, Publications, Tax and Budget Publications|

Policy brief All New Mexico children deserve to have the opportunities in their most formative years that will help them to thrive and succeed in life. Unfortunately too many kids in New Mexico lack access to such opportunities either because their hard-working families cannot afford them or programs are simply not available in their communities. (State-level data on child and family poverty, and child care costs)

Jan 29 2020

Ensuring New Mexico’s Kids Have Enough to Eat

2020-02-28T11:49:11-07:00Economic Security Publications, Health Publications, Local Data, Publications, Tax and Budget Publications|

Fact sheet New Mexico children face major challenges when it comes to having enough food to eat, but there are common-sense policy solutions that we can take to end food insecurity and improve children's health, well-being, and opportunities to reach their full potential. (State-level data on childhood food insecurity)

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