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.
New Mexico had one of the worst job loss rates in the nation for June, according to a new report by the New Mexico Voices for Children‘s Fiscal Policy Project.
“It used to be that New Mexico was not as deeply affected as the rest of the nation during a recession, but that’s not the case this time,” Fiscal Policy Project director Gerry Bradley said. “The run-up to this recession — the housing boom and high energy prices — had a significant impact on the state’s economy. Employment was up, revenue was up, and so was spending. But we ended up paying for the good times when those two economic drivers crashed.”
The state’s 8.2 percent unemployment rate continues to trail the national average of 9.5 percent, thanks to infusions of federal money — but New Mexico’s economy won’t improve until the national economy improves, the report says.
More …
A report released this week by the Institute on Taxation and Economic Policy provides state by state comparisons of how regressive or progressive a state’s tax system is. The analysis of New Mexico is found on pages 78 and…
When Richard Berry moves into Albuquerque’s mayor’s office in December, he’ll inherit a government faced with significant economic challenges. While Mayor Martin Chavez was hammered for companies closing shop and leaving town, the reality is that Albuquerque itself—like other cities—is being hammered by the worst economic crisis the nation has seen in generations.
Kate Nash of the Santa Fe New Mexican gives us a story today about another group — this time the American Federation of Teachers New Mexico — calling for a repeal of the 2003 income tax cuts…
A recent national report evaluating the quality and quantity of information available to the public on state level American Recovery and Reinvestment Act (ARRA) — a.k.a. the federal stimulus package — basically gives a failing grade to New Mexico along…
Not only is New Mexico’s unemployment fund one of the most solvent in the nation, its economy is getting a boost from unemployment payments.
For every $1 in unemployment benefits paid, the local economy benefits by $1.73, according…
In a recent story about the concept of a tax expenditure budget, I quoted a local economist who made a point of saying that New Mexico’s tax code was written by Franklin Jones and Gerry Boyle. Both men had a very significant impact on economists and finance experts in the state.
The total amount of tax breaks on the books is larger than New Mexico’s general fund, a report says, but it’s hard to tell who’s benefiting and what to cut, thanks to a 2007 veto by Gov. Bill Richardson.
