Tax and Budget Publications – New Mexico Voices for Children

Mar 25 2021

How the American Rescue Plan Will Help New Mexico

Web Admin2021-03-24T15:44:07-06:00Economic Security Publications, Education Publications, Health Publications, Local Data, Publications, Racial and Ethnic Equity Publications, Tax and Budget Publications|

Fact Sheet The American Rescue Plan Act will help New Mexico in a number of ways - income supports, housing and food assistance for families, and education and health care assistance for the state, cities, counties, and Tribes. This fact sheet looks specifically at how children of color - who have been disproportionately harmed by the pandemic - will be helped. (State-level estimates, some by race and ethnicity, on how many people will be impacted)

Mar 15 2021

A Guide to New Mexico’s State Budget: Executive Summary

Web Admin2021-03-16T13:31:51-06:00Human Rights/Civic Participation Publications, Publications, Tax and Budget Publications|

Executive summary 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 full Guide to New Mexico's State Budget here)

Mar 15 2021

A Guide to New Mexico’s Tax System: Executive Summary

Web Admin2021-03-16T12:11:28-06:00Human Rights/Civic Participation Publications, Publications, Tax and Budget Publications|

Executive summary 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 full Guide to New Mexico's Tax System here)

Mar 11 2021

A Guide to New Mexico’s State Budget

Web Admin2021-03-16T12:33:01-06:00Human Rights/Civic Participation Publications, Publications, Tax and Budget Publications|

Budget Guide Updated in March 2021, our Budget Guide explains how the state spends and allocates funding. The state budget is a reflection of what we value most and an illustration of the kind of communities we wish to create. The lawmakers we elect to represent us in Santa Fe 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)

Mar 11 2021

A Guide to New Mexico’s Tax System

Web Admin2021-03-16T12:31:56-06:00Human Rights/Civic Participation Publications, Publications, Tax and Budget Publications|

Tax Guide Updated in March 2021, our tax guide explain the state's tax system, which is used to fund the state’s programs and public services that benefit us collectively. Taxes 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.)

Mar 09 2021

Ending Childhood Food Insecurity in New Mexico

Web Admin2021-03-09T10:51:24-07:00Economic Security Publications, Education Publications, Health Publications, Local Data, Publications, Racial and Ethnic Equity Publications, Tax and Budget Publications|

Report New Mexico's childhood food insecurity rate has long been at or near the highest in the nation. The pandemic and resulting recession only made it worse. This report looks at why food insecurity is such a problem in New Mexico, how it impacts children and families, and what the state can do about it. (State- and county-level data on food and economic insecurity)

Feb 17 2021

Exempting Social Security Income from Taxation: Not Targeted, Not Cheap, Not Necessary

Web Admin2021-04-15T14:26:11-06:00Economic Security Publications, Local Data, Publications, Tax and Budget Publications|

Fact Sheet Several proposals to exempt Social Security income from the state income tax are being considered, but none of them would be beneficial to New Mexico. This fact sheet explains why these bills: would not benefit those New Mexicans who need relief the most; are extremely costly; and are solutions in search of a problem. (State-level data on income tax payments on Social Security benefits)

Feb 08 2021

Juvenile Fines and Fees Are Bad for Youth, Families, and the State

Web Admin2021-04-22T12:13:31-06:00Economic Security Publications, Publications, Racial and Ethnic Equity Publications, Tax and Budget Publications|

Fact Sheet Court fines and fees for juveniles are harmful to youth and their families, racially discriminatory, and costly to administer. They can quickly amount to hundreds of dollars, resulting in a significant financial burden for New Mexico families, taking from them some of the very resources they need to invest in their children’s future and purchase food, education, housing, and health insurance.

Feb 08 2021

Orphaned Wells and Inadequate Bonds: How the Oil and Gas Industry Could Soon Become a Financial Burden

Web Admin2021-04-22T12:15:49-06:00Education Publications, Health Publications, Local Data, Publications, Tax and Budget Publications|

Policy Brief Overproduction, a global price war, and the COVID-19 pandemic have led many oil and gas companies in New Mexico and across the West to file for bankruptcy. This means orphaned wells – inactive wells that bankrupt companies have failed to plug – are left behind to pollute the state, which also has to pay the clean-up costs due to inadequate bonding requirements. At the same time, the pandemic has resulted in revenue shortfalls for our state budget. (State-level data on orphaned wells, estimated clean-up costs)

Feb 08 2021

We Cut Corporate Taxes in 2013, But the Jobs Did Not Follow

Web Admin2021-04-22T12:18:12-06:00Local Data, Publications, Racial and Ethnic Equity Publications, Tax and Budget Publications|

Fact Sheet Profit-minded corporations will happily accept tax breaks, but tax rates aren't a big factor when they consider locating in a new state. Most of what they do consider - a well-educated and skilled workforce, modern infrastructure, good schools, etc., - are the very amenities states support with the very tax revenue that corporations try not to pay. This fact sheet makes the argument for increasing the taxes out-of-state corporations pay on the profits earned here. (State-level data on decline of corporate income tax revenue as a share of all income tax revenue)