Jan 27 2021

Breaking our bondage to outdated bonding rates, GIF-splained

2021-01-27T14:53:42-07:00Blog Posts, Health Blog, Tax and Budget Blog|

While the oil and gas industry has brought a lot of money into New Mexico, it can also end up costing us money - lots of money. When wells no longer produce, they are abandoned. Responsible companies cap these old wells and clean up the surrounding area. But not all old wells are capped and cleaned - especially when the company has gone bankrupt. This gif-splainer lays out the problem and the solution.

Nov 16 2020

It’s time NM diversified away from oil, gas

2021-01-07T11:35:55-07:00Blog Posts, Health Blog, Health News Coverage, News Coverage, Tax and Budget Blog, Tax and Budget News Coverage|

Pre-pandemic New Mexico saw a boom in oil and gas extraction, which was mirrored by an increase in state revenue. And while many state leaders opined that this boom was going to last indefinitely, the reality for the industry was far more grim. “In short,” the report states, “while New Mexico posted record oil and gas revenues, the oil and gas industry itself was reporting steep losses.”

Jul 06 2020

COVID-19: 3 Policy Principles to Advance Equity

2020-10-15T16:49:30-06:00Blog Posts, Economic Security Blog, Health Blog, Racial and Ethnic Equity Blog, Tax and Budget Blog|

Over the past few months, the resiliency and strength of communities all across New Mexico have been in full view as people come together to support each other through the COVID-19 pandemic. Still, the pandemic has caused disproportionate harm to communities of color, worsening disparities in health and economic well-being. Just as public policies entrenched systemic racism, they can be used to dismantle it.

May 13 2020

Investing in all New Mexicans will lead us to a quicker, more equitable recovery

2020-05-13T10:41:44-06:00Blog Posts, Economic Security Blog, Health Blog, Tax and Budget Blog|

During this public health emergency, New Mexico needs to do all it can to shore up essential services, take care of frontline workers, and extend a hand to New Mexicans who are sick, unable to work, or struggling to provide for their families. But falling tax revenue has put at risk New Mexico’s ability to protect our communities. While the path forward won’t be easy, lawmakers can steer us toward an equitable recovery by putting families first.

May 14 2019

Advancing Equity in New Mexico: Tax Policy

2019-07-31T15:18:05-06:00Blog Posts, Economic Security Blog, Racial and Ethnic Equity Blog, Tax and Budget Blog|

The first installment in our series on policies passed during the 2019 legislative session that will improve equity in New Mexico, this blog looks at how tax policies can help close income and wealth disparities that fall along racial lines. Makes sense -- since tax policies helped create those disparities in the first place.

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