Tax Fairness And Budget Adequacy Blog2018-06-13T19:02:22-06:00

Federal leasing program isn’t working for New Mexico

When the government leases lands at far below market rates and forces taxpayers to cover the cost of cleanup, we’re all missing out on money that is rightfully ours. This is revenue that should be used to pay for books for our schools and teacher salaries, not padding industry profits.

June 4th, 2022|

Fix oil and gas leasing system before new sales

In New Mexico, we have lived through many boom-and-bust cycles of the oil and gas industry. But recent years have shown just how much we need to break this cycle - particularly as we plan for the transition from oil and gas to clean energy - by tipping the scales away from the oil and gas corporations and back toward New Mexicans who have shouldered the consequences.

September 23rd, 2021|

New Mexico taxpayers foot the bill for abandoned oil wells

When an oil well runs dry, the oil company is supposed to clean it up and cap it to make sure it doesn’t release dangerous pollutants into our air and water. But what happens when the oil company goes bankrupt? Do New Mexico’s taxpayers end up footing the bill? Find out more in this short video.

August 3rd, 2021|
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