Top Stories

The New Mexico Independent going forward

By | 11.16.11

I am writing today to announce the closure of the New Mexico Independent. After three and a half years of operation in New Mexico, the board of the American Independent News Network, has decided to shift publication of its news…

EIB hears more anti-cap-and-trade testimony

Mesa Verde 80
By | 11.10.11

While environmental activists played their part yesterday during demonstrations at the capitol building, going so far as to dress up as solar panels and to sing the tune of “You Are My Sunshine,” their counterparts, the anti-cap-and-trade contingency who has…

New Mexico’s largest university low in popularity

jobs-80
By | 11.10.11

Roughly one quarter of University of New Mexico students are unimpressed with the state’s flagship public school, according to a survey that questioned college students about their higher education experiences.

TODAY’S TOP STORIES: State pension woes, taxing tobacco, and help for N.M. signature spicy crop

By | 02.10.09 | 10:49 am

The Associated Press reports yet another sign of the economic times — pension finances for state and municipal government workers continue to decline. From $12.2 billion in mid-2008, the Public Employees Retirement Association fund dropped to $8.9 billion only a few months later in December. The Educational Retirement Board has seen a $2 billion drop in the same six-month period.

The Legislature will face off with several proposals to increase pension-fund contributions and liabilities and to require state workers to merely work longer before retirement eligibility.

KOB is reporting that some lawmakers are pushing a bill supporting a tobacco tax increase. Such a bill would tack on $1 per pack of cigarettes, more than doubling the current tax of 91 cents. Supporters hope the tax hike would discourage kids from starting smoking.

The AP also reviews yet another tax issue facing the Legislature — tax credits for New Mexico chile farmers. In the face of intense foreign competition, the tax credits would encourage farmers to devote more acreage and resources to the state’s signature spicy crop.

Beyond the world of lawmakers and taxes, AeroMexico has begun providing flights between Albuquerque and Chihuahua City, Mexico, as of yesterday, reports the New Mexico Business Weekly. As chairman of the New Mexico-Chihuahua Commission, Gov. Bill Richardson boarded the first flight to Chihuahua City. The Mexican carrier seeks to bring Mexican travelers from hubs such as Mexico City and Guadalajara into New Mexico.

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