Credit KUNM
LAS CRUCES - A new study of New Mexico’s tax policy found that many of the problems in our tax system today are the result of changes made during past administrations.
Randall Bauer of the Philadelphia firm PFM Group Consulting conducted the study and presented its findings to the New Mexico Legislature’s Revenue Stabilization and Tax Policy Committee Tuesday, Dec. 15.
He cited prior national studies by the Pew Research Center that found New Mexico has one of the six most volatile tax structures in the country. Four of those six states are reliant on energy production.