Bureau of Business and Economic Research

Authors

Lee A. Reynis

Document Type

Presentation

Publication Date

1-9-2010

Publisher

University of New Mexico, Bureau of Business and Economic Research

Abstract

A slide presentation and handout on New Mexico taxation policy by Dr. Lee Reynis, the director of the UNM Bureau of Business and Economic Research. Due to the unprecedented drop in state tax revenues resulting from the 2007-09 recession — the worst economic downturn in decades — funding for state, county, and local governments, as well as public school districts has been cut. Reynis gives a brief overview of the NM state budget and revenue sources; illustrates the severity of the fiscal crisis with economic indicators; briefly discusses the different types of taxation in NM; and presents several options for increasing tax revenues. Illustrated with tables and charts.

Comments

PowerPoint slides presented at the Conference on Understanding the New Mexico Legislative Budget Process.

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