Tax Fairness & Budget Adequacy Blog
How H.R. 1 Could Cut $1.2 Billion From New Mexico’s Medicaid System
As New Mexico prepares for the roll out of federally-required Medicaid work reporting requirements, another significant change is looming that stands to decimate the funding system that prevents primary care providers, hospitals, and other providers from closing their doors and worsening access to care for our families.
New Mexico Has $924 Million in New Revenue. What Could This Mean for Families and Children in the State?
New Mexico lawmakers should have enough revenue to build upon their recent work supporting families and children. At the August 26 meeting of the Legislative Finance Committee, the Consensus Revenue Estimating Group (CREG) released their first estimate of how much money the state should expect to be available for the upcoming 2027-28 fiscal year (FY 28).
Sports Gambling: A Bad Bet for New Mexico
There have been growing calls to legalize online sports betting in New Mexico. Today, sports wagering is limited to tribal casinos, but some lawmakers and industry advocates argue that expanding it online would generate new tax revenue and help diversify the state’s economy. New Mexico should reject online sports betting. Expanding and increasing access to online betting would prioritize short-term revenue over the long-term well-being of New Mexico families and communities.
Preparing for Emerging Budget Risks
States across the country are confronting growing budget risks—from volatile economies and demographic change to climate impacts and rapid technological shifts. A new report from the Pew Charitable Trusts offers encouraging news: New Mexico is one of only six states recognized for taking comprehensive steps to prepare its budget for long-term fiscal risks.Â
#ICYMI — LFC report: Industry tax breaks are dragging down New Mexico economy
The Legislative Finance Committee (LFC) recently published a powerful new report examining whether targeted tax breaks actually deliver economic growth for New Mexico. The report found the special exemptions for targeted industries are a drain to state revenues and do little to help grow New Mexico’s economy. In many cases, these targeted tax breaks weaken New Mexico’s economy by diverting resources away from proven investments, which help New Mexicans thrive.
New Mexico’s Future Depends on a Stronger, More Diverse Tax Base
Too frequently, taxes get a bad rap. But the truth is, taxes are how we invest in one another and build the strong communities we all depend on. New Mexicans benefit tremendously from public schools, roads, health care, and safety. Taxes also help thousands of New Mexico families afford the basics of a dignified life by creating opportunity, stability and a stronger future.
New Mexico Took Steps to Address the Rising Cost of Living
In the 2026 legislative session, lawmakers, advocates, and community members secured crucial funding to fight food insecurity and improve housing affordability in New Mexico. While federal cuts have threatened the support programs our families and children rely on, our state legislature passed family-focused investments that will keep food on the table for households across the state.
New Mexico Lawmakers Protected Affordable Health Care This Session
Expanding access to health care for New Mexicans is multifaceted and complex. This legislative session, New Mexico made major investments to help keep health care accessible and affordable, protect families from harmful federal policy changes, and make our state a more attractive place for health care providers to practice.
Decoupling Protected New Mexico from Millions in Lost Revenue
In New Mexico, we prioritize the health and well-being of our families and children, but we can’t support them without enough state revenue for the programs and services they need to thrive. During the 2026 regular session, state legislators and Governor Michelle Lujan Grisham passed legislation to protect revenue that would have been lost if the state did not take action.
How Will the One Big Beautiful Bill Act Impact New Mexico?
By Emily Wildau, MPP Published September 10, 2025 Now that the One Big Beautiful Bill Act (OBBBA) has been signed into law, New Mexico lawmakers will be forced to defend against cuts to the income support programs that lift [...]