Tax Fairness & Budget Adequacy Publications
Increasing the state Child Tax Credit will help New Mexico kids thrive
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)
New Mexico can make more progress toward alleviating food insecurity
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.)
Revenue We Can Rely On
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)
New Mexico is Putting Families First in Tax Policy
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)
A new state Child Tax Credit would create opportunities for all New Mexico kids to thrive
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)
Exempting Social Security Income from Taxation: Not Targeted, Not Necessary, Not Cheap
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)
Ensuring a Fair Share: Modernizing Federal Oil and Gas Revenue Policies
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 That’s because the rental and royalty rates for drilling on federal lands are beyond outdated; some have not been revised in nearly a century.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)
Many New Mexico kids, families, and seniors will benefit from state income tax changes
Fact Sheet Changes that have been made to the state tax code in recent years will benefit half a million tax filers - all of them of low and moderate means. This fact sheet presents the basics of who will benefit and by how much. (State-level data on number of beneficiaries in each group)
Ending Childhood Food Insecurity in New Mexico
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 updated 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)
Health-in-All-Policies for New Mexico
Report Your state of health is dependent on many variables - including where you live, how much you earn, and even how far you went in school. These are called "social determinants of health" and they not only impact your health but they also impact your ability to choose a healthy lifestyle. Everyone's health could be improved if lawmakers took these determinants of health into account when creating public policies. This report offers an overview of the determinants of health as well as the policies that can improve health for all.