Tue, 13 June 2017
To hear Gov. Susana Martinez tell it, the economy of New Mexico will soon be bouncing back as oil and gas prices rise. 2 things shadow that happy talk…oil prices seem stalled again, well below $50 a barrel, and even if prices come back, tax revenues from oil jobs may not follow. Matthew Reichbach of the New Mexico Political Report on this impoverished state’s prospects after a legislative special session robbed most of the state’s piggy bank funds. The Governor’s chosen hallmark is “No new taxes,” but some say the real meaning is, “No new ideas; no new investments for New Mexico.