Tax and Budget Publications

Feb 10 2023

It’s Time For Corporations To Pay Their Fair Share

Alex McCausland2023-02-11T09:23:43-07:00Local 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 tax revenue corporations try not to pay. This fact sheet makes the argument for increasing the taxes corporations pay on the profits earned here. (State-level data on decline of corporate income tax revenue as a share of all tax revenue)

Jan 30 2023

Improving equity through our tax code

Alex McCausland2023-01-31T14:32:28-07:00Economic Security Publications, Local Data, Publications, Racial and Ethnic Equity Publications, Tax and Budget Publications|

Fact Sheet In New Mexico, the personal income tax is an underutilized tool to raise consistent, sustainable revenue and advance racial equity. This fact sheet looks at how our state and local tax system is upside down. (State-level data on effective tax rates by income levels.)

Jan 18 2023

2022 New Mexico KIDS COUNT Data Book

Alex McCausland2024-01-18T14:52:23-07:00Economic Security Publications, Education Publications, Health Publications, Kids Count Publications, Local Data, Publications, Racial and Ethnic Equity Publications, Tax and Budget Publications|

NM KIDS COUNT Data Book Given the pandemic, child well-being could have taken a great tumble. But, thanks to smart investments at both the state and federal levels, data from 2021 reflect no significant declines – and even some slight improvement. This annual report provides data on numerous child well-being indicators related to economic security, education, health, and family and community, and includes policy solutions. (State-, county-, tribal- and school district-level data on child well-being.)

Jan 16 2023

Increasing the state Child Tax Credit will help New Mexico kids thrive

Alex McCausland2024-03-19T15:02:15-06:00Economic Security Publications, Education Publications, Health Publications, Local Data, Publications, Racial and Ethnic Equity Publications, Tax and Budget Publications|

Updated Fact Sheet New Mexico's new state-level CTC is a great start at helping children thrive. Lawmakers should use the legislative session to make a few improvements. (State-level data on how increasing this tax credit would benefit families)

Dec 08 2022

New Mexico can make more progress toward alleviating food insecurity

Alex McCausland2023-04-24T10:45:18-06:00Health Publications, Local Data, Publications, Tax and Budget Publications|

Fact Sheet The pandemic and its recession made food insecurity in New Mexico worse. With an expected budget surplus, our lawmakers can continue to meaningfully tackle food insecurity. (State-level data on food insecurity.)

Oct 28 2022

Revenue We Can Rely On

Alex McCausland2023-05-05T10:49:05-06:00Health Publications, Local Data, Publications, Tax and Budget Publications|

Policy Brief In order to build a strong economy, New Mexico must be able to reliably fund the services - like education, health care, and public safety - that our families and businesses rely on. Our over-reliance on revenue from the boom-or-bust oil industry makes that impossible. Here are the top 5 reasons we must change. (State data on revenues and expenditures)

Jun 08 2022

New Mexico is Putting Families First in Tax Policy

Alex McCausland2022-08-08T11:26:28-06:00Economic Security Publications, Local Data, Publications, Racial and Ethnic Equity Publications, Tax and Budget Publications|

Fact Sheet Our state’s policy makers made a number of improvements to the tax code since 2019 that will help low- and middle-income New Mexicans, improve equity, and increase economic opportunity for our working families. (State-level data on how recent tax changes will benefit families)

Feb 11 2022

A new state Child Tax Credit would create opportunities for all New Mexico kids to thrive

Alex McCausland2022-02-15T17:26:17-07:00Economic Security Publications, Education Publications, Health Publications, Local Data, Publications, Racial and Ethnic Equity Publications, Tax and Budget Publications|

Fact Sheet Many families are still hurting from the pandemic recession. A new state-level Child Tax Credit would help hard-working families and grandparents raising grandchildren, and make our tax system more fair. (State-level data on how this tax credit would benefit families)

Jan 28 2022

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

Alex McCausland2022-02-02T14:10:35-07:00Economic Security Publications, Local Data, Publications, Tax and Budget Publications|

Fact Sheet Legislation to exempt all Social Security income from state taxes is popular, but it would only help those with the highest incomes because low-income seniors are already not taxed on their Social Security benefits. (State-level data on some aspects of the senior population)

Oct 06 2021

Ensuring a Fair Share: Modernizing Federal Oil and Gas Revenue Policies

Alex McCausland2024-03-19T15:03:26-06:00Education Publications, Health Publications, Local Data, Publications, Tax and Budget Publications|

Policy Brief New Mexico’s school children are not getting their fair share of oil and gas revenues. That’s because the rental and royalty rates for drilling on federal lands are beyond outdated; some have not been revised in nearly a century. (State-level data on oil and gas production)