Tag: cost of living

Albuquerque is Raising the Minimum Wage to $15 by 2030 — Here’s How it Could Reshape Paychecks, Families, and Local Businesses

The Albuquerque City Council has approved a gradual increase in the city’s minimum wage, raising it to $15 an hour by 2030. Supporters say the measure will help working families cope with rising living costs, while businesses argue the phased approach gives employers time to adjust. The decision highlights the ongoing debate over wages, affordability and economic growth in New Mexico’s largest city.

New Mexico HM59 (2026): CYFD to Study Foster Parent Pay

New Mexico’s 2026 House Memorial 59 asks CYFD to study whether foster parent reimbursements reflect current costs, including the possibility of a cost-of-living adjustment. Confusion around the HM59 label stems from the fact that the same bill number has been used for unrelated memorials in prior years, including one tied to financial literacy.