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…
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…
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.
As New Mexico lawmakers prepare for Saturday’s special legislative session to deal with this year’s large budget shortfall, Gov. Bill Richardson and some lawmakers have repeatedly said that repealing the state’s income tax cuts isn’t an option — not yet at least.
But as KUNM’s Jim Williams reports, one deleted element of the 2003 tax cuts package that’s received little attention would have automatically rescinded the cuts in bad budget times.
The income tax cuts were phased in over several years and lowered the top rate from 8.2 percent to 4.9 percent.
Several groups have pushed for a repeal of the income tax cuts to help address the state’s $660 million shortfall for the year that ends July 1. By some estimates a repeal could bring in hundreds of millions of dollars.
But opponents of the repeal say it could send the wrong message: that New Mexico isn’t open to business.
