NMPolitics.net (https://nmpolitics.net/index/tag/economy/page/50/)
On a 4-1 vote, Bernalillo County Commissioners selected Republican Jim White this evening to replace Albuquerque Mayor-elect Richard Berry as the representative of House District 20 in the state Legislature. Continue Reading
UPDATED: Bernalillo County commissioners are scrambling to find someone to take the place of Richard Berry in the Legislature before the special session begins Saturday. Berry, Albuquerque’s mayor-elect, resigned from his House seat Monday. Continue Reading
House Speaker Ben Luján has told schools to prepare for 3-3.5 percent budget cuts and says state and school employees could see a 2.5-percent pay cut. Meanwhile, lawmakers have drafted three plans to deal with shortfall. Two include education cuts. Continue Reading
Though it might appear simple and equitable to propose across-the-board cuts to government programs, the worst thing to do in a recession is to cut government spending. Continue Reading
There is no better way to stimulate our economy with funds from outside New Mexico than with Medicaid and CHIPRA money that has a federal matching rate of almost 80 percent. Continue Reading
Gov. Bill Richardson announced today that the special session to deal with the state’s budget shortfall will begin at noon on Oct. 17. Continue Reading
New Mexico is dropping in the rankings of the best states for business. At the same time, small businesses are working harder and doing more with less. Shouldn’t government do the same? Continue Reading
When the state was flush with funds, the highest-earning New Mexicans got the biggest benefit. Now times are tough, and those who got no benefit will suffer the consequences the most. Continue Reading
I am deeply disappointed that two high-ranking members of the Senate independently and prematurely communicated information pertaining to budget cuts that does not represent the position or the views of the Legislature as a collective body. The letter has caused widespread panic. Continue Reading
It appears now that our current fiscal-year shortfall could top $700 million. In addition, reserves need to be drawn down by $224 million to deal with last year’s shortfall. We all must be prepared for budget cuts that include public schools and higher education. Continue Reading
U.S. Agriculture Secretary Tom Vilsack heard complaints on Wednesday from dairy farmers about the need for changes in the system, the Las Cruces Sun-News is reporting. Continue Reading
UPDATED: Republican gubernatorial candidate Allen Weh claimed last week that he’s the “only candidate who has run a business.” A check of the facts reveals that Weh’s statement isn’t true at all. Continue Reading
New Mexico’s state tax revenue fell more than any other state except Alaska between the second quarters of 2008 and 2009, according to a Wall Street Journal analysis published today. Continue Reading
Gov. Bill Richardson is in Kuala Lampur today, where he is speaking to 400 chief executive officers at the Forbes Global CEO Conference about politics in Washington and how the economic downturn has affected the New Mexico. Continue Reading
Now that we’re running a major deficit, the millionaire tax breaks and corporate-loophole fiesta has to end. We need some sanity and common sense when it comes to balancing our budget. Here are three common sense ideas — including cuts — to save money and raise revenue without slowing the recovery. Continue Reading