Taking a Look at New Mexico's Film Subsidies!

Legislative analysts agree: Film subsidies are money-loser

For years the Rio Grande Foundation has attempted to educate New Mexicans on the bad economics of film subsidies. The program which actually began under then Gov. Gary Johnson was enhanced by Bill Richardson when he and the Legislature made it state policy to return...

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Legislature faces both peril, opportunity in 2019

With New Mexico’s politics trending hard left, what is a fiscally conservative think tank that focuses on New Mexico’s still-shaky economic situation to do? Quite simply, there will be more to do than ever. For starters, New Mexico’s $1.1 billion oil-generated surplus...

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Film subsidy expansion would drain state’s coffers

Strong growth in the oil patch has given New Mexico’s legislators a little “new money” to spend. There is no shortage of ways that our Legislature has cooked up in order to spend it, but perhaps the worst idea of them all is to eliminate the $50 million cap on annual...

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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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