Tag: public finance

With enrollment projected to fall below 10,000 students, Santa Fe Public Schools is confronting rising labor costs, substitute teacher contract disputes, and difficult budget decisions that could reshape programs and staffing across the district.

Albuquerque’s proposed gross receipts tax increase offers a real-world lesson in financial literacy—showing how local taxes ripple through prices, small businesses, and household budgets.

FEMA placed the director of New Mexico’s wildfire claims office on administrative leave after reporting revealed he and his wife received more than $500,000 from the program he oversees. The $5.45 billion compensation fund has paid out about $3.4 billion so far, as some claimants continue to wait years for relief.

New Mexico’s Senate Bill 177 would move and appropriate state dollars toward tech-focused economic development, including innovation hubs, workforce programs, and matching funds tied to federal AI and quantum initiatives. Supporters say the measure is designed to turn lab and university research into businesses that stay in-state, while critics are expected to focus on scale and oversight.

New Mexico's State Investment Council says its revamped Strategic Venture Capital Program has committed more than $1.8 billion to venture funds and is already tied to over $2 billion in in-state economic impact, as the agency highlights how a portion of its $71 billion sovereign wealth portfolio is being used to attract major projects to New Mexico.