Recently the Albuquerque Public Schools (APS) had a $900 million mill levy and bond package defeated.  Voters were clear they love our kids and respect our teachers. They do not, however, feel APS has been a good steward of their tax money. 

We hoped that APS understood that message, but we don’t see evidence they do. 

New Mexico is a state currently dependent on oil and gas production. YES, we are dependent on this industry that provides a minimum of one-third of our state’s budget.  Imagine life without that industry . . . where would we find the money for education and so many other things? 

Fact is, right now, we would be in a world of hurt. If you have doubts, look at this report that the oil and gas industry just released.

With some elected officials who identify as ‘progressive’ attacking that industry at every turn, it begs the question, “What are they thinking?”   While well intentioned to protect our environment and bring in more money for schools, these views translate into big problems for our state that seem to be counterproductive to their desired results.  Want to see how?

The 2019 Legislative Session has been packed with action so far. Here’s a collection of thoughts, information and updates on various topics:

• The Land Grant Permanent Fund (LGPF): Protection of the LGPF continues to be an NMBC priority and we are grateful to Senators who understand its importance. While many in the House want to make it their bank, we think the Senate will continue to be the adults on that subject and maintain its integrity. Read our latest here and an Albuquerque Journal article here.

• Bill estimates two months ago vs reality: Several people in both Chambers thought that 5,000 to 8,000 bills could be the magic number this year for introduction. There is enough gusto by some legislators to make that happen, but that has to be coupled with the reality of how many bills the writers (Legislative Council Services) can pump out.

A study by Washington University on minimum wage was very enlightening.  From an employer’s perspective, each $1/hour increase in minimum wage costs the employer approximately $2,600/year per employee.  So if New Mexico’s statewide minimum wage increases from $7.50 to $10, it will cost employers $6,500/year per employee in those brackets.   

There have been lots of attempts to raid the State Land Grant Permanent Fund and that's nothing new.  You can read more about this ongoing issue here and here.

All three Albuquerque Public School (APS) ballot questions received a loud NO vote on Election Day. What this means is that property taxes won’t increase and because the existing bond issue was defeated, property taxes should decrease slightly for property owners in the APS school district. 

By now, if you live in the APS area (including Bernalillo County and parts of Sandoval County) you should definitely have received one of these ballots in your mailbox. These must be returned by February 5th. We encourage you to vote, but before you do, consider whether APS needs more of your tax dollars or to better manage the money they get now.  What does NMBC think?

NMBC received some great information on the APS tax election from one of our followers.   The below information was written by Amy Horowitz, a retired businesswoman who is a homeowner/taxpayer in Albuquerque:

Albuquerque property taxes are out of control!

If you haven’t bought or sold a home lately you may not grasp the magnitude of Albuquerque’s property tax burden.  Nobody wants to talk about it and the numbers aren’t easy to find.  But here are five things you really should know before you vote – either personally or as a legislator -- on any tax increase.

NMBC supports improved pay for teachers, well maintained schools & proper security for our kids. But here's a question:

Does APS think money grows on trees?  It doesn't and their harvest of our tax dollars needs to be carefully scrutinized.  APS wants to deny the truth, but when publicly questioned, they find it hard to evade the facts: