Tax Fairness & Budget Adequacy Blog
Study shows $1 billion potential bill for oil and gas clean up without BLM rule change
KRWG--For far too long, antiquated policies under the current leasing system have left our families on the hook to pay to clean up messes left behind by bankrupt oil and gas companies – messes involving orphaned wells with decaying and leaking infrastructure that can pollute our air and water. This has robbed our communities of tax dollars that could have been put to use improving our children’s classrooms, and our hospitals and roadways.
Our Bonding Boondoggle GIF-splained
Most of us were taught at a fairly young age the importance of cleaning up the messes we make. But unfortunately, many American industries are not held to the same standards we set for our children. Chief among these is the oil and gas industry. This GIF-splainer looks at why that is and what it costs us.
Tax Day – a time for reflection on all the things New Mexico has done right
Another Tax Day has come and gone, which makes it a great time to mention some of the improvements our state leaders have made to our tax system over the last several years. The big news is the creation and expansion of our Child Tax Credit, which we know is one of the best and most effective ways to help our families and their growing children.
Historic tax bill would create economic opportunity
Santa Fe New Mexican--New Mexico’s greatest asset is its cultural, ethnic and racial diversity. Our people are the heart of our state, and now, our Legislature is recognizing that in a big way. It’s not an exaggeration to say the tax omnibus bill currently under consideration (House Bill 547) does more to improve economic opportunity and equity in our tax code than any legislation in our state’s history.
NM should continue to lead the way on higher ed by fully funding the Opportunity Scholarship
New Mexico is leading the way in providing all students with tuition-free higher education, and the Opportunity Scholarship has already shown results. That's why the Senate Finance Committee should fully fund the Opportunity Scholarship and keep it free of any guardrail language regarding its administration.
23 Roundhouse resolutions for 2023
It's a New Year's resolution bonanza! We've got 23 resolutions for 2023 that we urge lawmakers to consider to improve child well-being in New Mexico.
State must be able to fund future
Santa Fe New Mexican--Because of our over-reliance on a boom-to-bust industry, New Mexico has a structural deficit -- a difference between reliable, recurring revenue and necessary, recurring spending that persists over time.
The Department of the Interior needs to finalize new federal leasing rules
Without important reforms written into rule, DOI’s lease sales could increase the already alarming number of orphaned wells – wells that have been abandoned by oil and gas companies – that pollute New Mexico. That’s because the current bonding amounts are inadequate.
Voters signal support for more than investments in early childhood
Las Cruces Sun-News--The recent election tells us a great deal about how committed New Mexicans are to our children and their families. New Mexico voters have spoken loud and clear — and they want the highest quality early care and education programs fully supported and available to all.
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.