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BY PAUL GESSING of the Rio Grande Foundation
Imagine massive reductions in vehicle traffic.
By Paul Gessing
Governor Michelle Lujan Grisham and Taxation and Revenue Department Secretary Stephanie Schardin Clarke announced Friday that New Mexicans will have an extra 90 days to file and pay their 2019 personal income taxes in recognition of the economic hardships many are facing as a result of the COVID-19 pandemic. Taxpayers will have until July 15 to file and pay any taxes due.
The Rio Grande Foundation commends the Governor for making this move.
As our state settles in to fight the Coronavirus, New Mexico’s energy workers are delivering what the radical environmental community never will: results.
You’re fracking welcome.
No doubt families are a little unsettled as they begin to cope with the household needs of an unexpected three-week-long Spring Break. Like many parents, I’m wondering how I am going to keep my children productively occupied while trying to maintain “social distancing” from the rest of the world. Judging by the calm chaos at my local grocery store, we all are there trying to stock up on items we think we’ll need to get through the next uncertain weeks.
By James Jimenez
We all benefit when New Mexico’s classrooms have the resources they need to educate our children. After all, today’s students are tomorrow’s leaders, entrepreneurs, and workforce. But our educational outcomes are not what they should be, and part of the reason is that we’ve underfunded our schools for years.
Some of the money that supports New Mexico’s education system comes from royalties and rental payments paid by the oil and natural gas industries. Because we understand how fortunate we are to have those natural resources, we tend to forget our responsibility to be the very best stewards of them that we can be. We must ensure that we’re not shortchanging our students – but, because of the federal government’s outdated policies, we are.
The political world took notice last week as they watched Michael Bloomberg’s less-than-stellar debate performance. The former New York City mayor was skewered by the other candidates and we wonder if the New Mexico politicians who have championed Bloomberg, and his money, are feeling a little awkward today.
Many new Mexicans are surprised to learn how the former mayor of New York City and the 9th richest person in the United States spreads millions across the Land of Enchantment. After the surprise, they become angry because they see how Bloomberg is using that money to impose his radical agenda on New Mexico.
By Paul J. Gessing
When the 2018 election results were tallied and it was clear that New Mexico had moved into the “progressive blue state” category, it was destined to be a tough couple of years for fiscal conservatives. The 2019 (last year’s) session was indeed the worst we’ve seen. The just-completed 30 day session was not quite as bad, but again needed economic reforms took a back seat to round 2 of the Legislature’s spending binge.
Thanks to the oil boom still going on in the Permian Basin, New Mexico’s general fund has grown to $7.6 billion. That’s up from $6.3 billion when Susana Martinez left office at the start of 2019, a 20% increase in just two years.
Unconstitutional legislation was ramrodded through Session without proper discourse
Albuquerque, February 14--Last night's New Mexico House passage of SB5, known as the Red Flag bill, is the latest example of how left-leaning Democrats are tearing away at the fabric of our great state. By a vote of 39-31, the House snatched away New Mexicans' Constitutional rights. This legislation, allowing authorities to confiscate firearms if they feel a homeowner may be a threat to himself or others, clearly violates peoples' 2nd Amendment rights, due process and search and seizure protocol. The bill is essentially a progressive Democrats' gun grab.
By Danny Seymour
A study released recently by the consulting firm Moss Adams made headlines with the rather implausible claim that Spaceport America began producing net economic and fiscal benefits for New Mexico as early as 2013. Since its anchor tenant, Virgin Galactic, has yet to launch a single manned space tourism flight, the Rio Grande Foundation undertook a detailed critique of these claims, relying on the audited financial statements from the Spaceport Authority and Capital Spending Records.
Using these publicly available data along with information from the Moss Adams report, which were not previously available (such as estimates of Virgin Galactic’s spending on employee relocation), we estimate the Spaceport project has cost taxpayers roughly $275 million while generating just $54.3 million in income over the last 12 years. The Spaceport’s audited financial statements do not list any revenue other than taxes and transfers from the State government before 2015, making the 2013 breakeven date presented to the media especially egregious.
Check out Pets to Adopt. The High Desert Humane Society has some new cats and dogs up for adoption.
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