Taking a Look at New Mexico's Film Subsidies!

NM can balance budget without hurting economy

No politician relishes the job facing New Mexico’s leadership in the months ahead. Facing massive budget deficits and the prospect of an election-year special session in an unpredictable and unsettled political season is no elected official’s anyone’s idea of fun....

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What to Cut: Finding $600 Million in Savings w/o Raising Taxes

ALBUQUERQUE — It is no secret that New Mexico faces serious budget challenges. Senate Finance Committee Chairman John Arthur Smith called the budget situation “a crisis” and noted that the State is facing a deficit of more than $150 million for the budget year that...

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Correcting the Record on Gary Johnson’s Fiscal Legacy

The following article by RGF president Paul Gessing was written in response to an article that appeared a few days ago (linked below) which attacked former New Mexico Gov. Gary Johnson's fiscal record in New Mexico. As the free market think tank working in New Mexico,...

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State Has Many Opportunities to Reduce Spending

Journal columnist Winthrop Quigley seems to believe that what New Mexico’s struggling economy needs right now is higher taxes. We at the Rio Grande Foundation couldn’t disagree more and believe raising taxes would have further deleterious effects on our economy....

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No Need to Raise Taxes in New Mexico

The budget numbers are changing (for the worse) on an almost daily basis. The latest information calls for a 12% decline in General Fund revenues which means a reduction of $700-$800 million (not factoring in rainy-day funds etc). The point remains, as I note below,...

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No More Santa Fe Studios Subsidies

When is $10 million in taxpayer money simply not enough? In the case of the people who already got a sweetheart deal to build Santa Fe Studios, when you can ask for $22 million more. There is likely no other business in the State of New Mexico that has received as...

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New Mexico Economy in Search of Leadership

The year 2012 was a tough one for New Mexico’s economy. Without going through the litany of evidence, our state was the only Western state to be found on United Van Lines’ list of “top-outbound” states. And, while the US as a whole grew by an anemic 2.2% during the...

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Discussing Film Incentives on New Mexico “In Focus”

Rio Grande Foundation president Paul Gessing appeared on "In Focus" on Friday night to discuss New Mexico's film subsidies. Mr. Walpole unfortunately got away with a fib at the very end of the interview. We do indeed know exactly how much other tax incentives are...

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Union Pacific, Film Industry Deals Very Different

The state of New Mexico and southern New Mexico in particular, face a great opportunity. One of America's great railroads, Union Pacific, is hoping to build a $400 million railroad hub in Santa Teresa. While there would be a few, relatively minor, tax incentives given...

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Film Debate Video Online

The film debate last night (the 11th) was a huge success and unfortunately many who showed up could not get into it. The good news is that full footage of the debate is now available online. Thanks to Kevin McDonald and the folks at KNME Channel 5 for the video!...

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