Ernst and Young: NM Business Taxes Among Highest in Nation

Sure, the Rio Grande Foundation has been saying it for years: New Mexico’s tax burden makes the state a difficult place to do business. Now, the respected accounting firm Ernst & Young has reinforced those findings with a new study which shows New Mexico to have one of the heaviest business tax burdens in the [...]

Scorpions Having Trouble Attracting Fans to New Arena

It seems that Albuquerque Mayor Marty Chavez has put plans for an arena on hold at least temporarily. As I pointed out previously, this is most certainly a good thing as the metro area already has more arena space than it needs.
That said, it is interesting to note that the New Mexico Scorpions minor league [...]

Asking the Wrong Questions at New Mexico First

I attended some of New Mexico First’s health care event in Albuquerque. And, while I was impressed with the organization itself and the Town Hall concept, it was readily apparent that if the left hasn’t taken over the organization itself, then at least this particular event was dominated by advocates of universal coverage and bigger [...]

Albuquerque Tax Cuts

As followers of the Rio Grande Foundation may already know, Albuquerque Mayor Martin Chavez has proposed a modest reduction in the gross receipts tax. Unfortunately, most in City Council and even some fiscal conservatives seem unwilling to step forward and support the Mayor’s plan.
Unfortunately, as this video from a recent Council session shows, the big [...]

The streetcar that will not die

With Albuquerque’s City Council, it seems like bad ideas refuse to die while good ideas whither on the vine. My recent opinion piece in the Albuquerque Journal seems to be the only tangible sign of support for a reduction in the City’s gross receipts tax, but Councilors like Debbie O’Malley refuse to let the streetcar [...]

Movie Studio Madness

The Rio Grande Foundation has long been concerned about government-directed economic growth. A prime reason for our concern is that politicians are not experts in the field and, since they are not using their own money but taxpayer dollars, they don’t have the same incentives as entrepreneurs do.
Diane Velasco of The Citizen has done an [...]

Victory for New Mexico Property Owners!

Buried in all the hub-bub of a busy legislative session and Governor Richardson’s calls for a special session (not to mention the US attorney scandal), the eminent domain issue has been on the back-burner for many in the media and the punditry class.
Thankfully, despite a rocky road to success, Governor Richardson has signed legislation providing [...]

NM Spaceport Gets National Attention in Washington Post

“If you build it, they will come.” This line from the movie Field of Dreams has been used to justify taxpayer-financed construction of professional sports stadiums for years. Now, as the Washington Post discussed on its pages this Sunday, Governor Richardson and a number of leading New Mexicans and civic boosters in and around Las [...]

New Mexico’s Misplaced Priorities

Governor Richardson wants the Senate to come back to Santa Fe in part to pass his transportation plan known as GRIP II. While roads are certainly something that even advocates of the most limited of governments can get behind, the episode illustrates some particular flaws associated with politically-driven transportation planning.
Among the items contained in [...]

Council Gives Taxpayers Half a Loaf

After months of discussion and delay Albuquerque’s City Council finally repealed the November tax hike/extension for Mayor Chavez’s trolley. Theoretically-speaking, the quarter-cent hike in the gross receipts tax will now expire in 2009 as voters originally gave approval for in 1999. As Dr. Messenheimer and I have pointed out, because of its unique nature, even [...]

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