Raiding the Permanent Fund – Keep your hands out of the cookie jar

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.

Here are a few important points to consider:

1) The fund was established with New Mexico's statehood to provide for education and a few other beneficiaries, like some hospitals, in perpetuity. That means FOREVER!   It doesn't mean this should be everyone's personal bank account for their every whim. Look at this creative way they'd like to raid the fund here

2) We have increased education spending over $900 million in the past 12 years and our results are still dismal. Is more money the answer? Absolutely not.

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Voters in the ABQ area have spoken!

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. 

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APS property tax ballots mailed to inactive voters

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?

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Albuquerque home owner sounds off on APS Tax Increase

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.

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Does APS think money grows on trees?

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: 

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APS tax increase: Bailout or Ballot?

Tuesday, 1/8/19, is the last day to update voter information or get registered to vote before ballots mail for the APS special election.  Make sure your mailing address is correct HERE.

APS claims they desperately need more of your money or they won’t finish projects under construction or repair leaking roofs. 

Really?

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Mandated wages, tax increases?

NMBC is working hard on a voter education effort on a proposed 19% mill levy increase that Albuquerque Public Schools (APS) is seeking. The decision has already passed the school board and will go to voters via a mail-in election in early 2019. The proposed 4.7% property tax increase would occur annually in addition to the 3% property value increase that causes property taxes to go up every year. 

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Have you been paying attention to the riots in Paris?

Mainstream media hasn't been covering it much, but it could come down to this locally if we aren't careful. New Mexico political officials who plan to raise fees, taxes and increase…

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Where do we go from here?

Congratulations to all those who took an active part in this election. Thank you to those who were candidates and worked day and night for a seat, those who stood by them every step of the way, and those who voted for the first time in many years because they cared. 

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Breaking News and Other Resources

We're sure many of you have voted by now, but we also know that things come up and many have not. You can find early voting locations HERE. Tomorrow will be the last day for in-person voting and locations will be open from 7:00 am to 7:00 pm.

Here's some new information that just came out from OpenTheBooks.com. This scorecard has ratings for Congressional transparency.  Above, you will see the scores for Representatives Michelle Lujan Grisham and Ben Lujan who both received an "F", and Representative Steve Pearce who received a "B".

NMBC was pleased to see that the scorecard from OpenTheBooks is non-partisan and uses objective standards to determine scores, much like we do. Here is a link to the full scorecard. For those skeptics out there, it is noteworthy that Representative Paul Ryan, Republican Speaker of the House, received the worst grade of any Congressman with an "F" with 22%.

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