Yesterday, Governor Lujan Grisham announced a series of new state initiatives that will put money back into the pockets of New Mexicans, as well as coordinate investments and improvements for New Mexico’s broadband access, transportation infrastructure, and water conservation efforts. Governor Lujan Grisham proposed a cut to New Mexico’s Gross Receipts Taxes (GRT), which is the first tax cut of its kind in over 40 years and is expected to save New Mexicans $145 million annually. The governor also announced new personnel appointments, including Matt Schmit for broadband advisor, former Albuquerque Mayor Marty Chavez for infrastructure advisor, and Mike Hamman for water advisor to supercharge the state’s efforts to make critical investments in and expand access to essential services for all New Mexicans.
Read more about Governor Lujan Grisham’s leadership below:
The Albuquerque Journal: “Outlining her priorities as she enters a critical election year, Gov. Michelle Lujan Grisham said Wednesday that she will seek a reduction in New Mexico’s gross receipts tax for the first time in decades and push to offer nearly universal child care to help parents — especially women — enter and stay in the workforce […]
It’s the right time, she said, to reduce the gross receipts tax levied on goods and services in New Mexico, similar to a sales tax. The rate reaches 9% in some parts of the state.
‘It has a chilling effect,’ Lujan Grisham said of the rising rates. ‘We’ve got to do that tax overhaul that can really make a difference. We have the resources.’ […]
The tax cut would save families and businesses about $145 million a year, her administration said, and the state portion of the rate hasn’t fallen since 1981.’
Associated Press: “Gov. Michelle Lujan Grisham said Wednesday that a statewide cut in gross receipts taxes will be on her agenda when the Legislature meets in January […]
The proposal would trim New Mexico’s gross receipts tax rate by 0.25%, putting the rate at under 5%. The governor’s office said the proposed reduction would save New Mexicans an estimated $145 million annually.
Supporters also say it would help ease the pyramiding that results from the state’s tax policies.
‘Cutting gross receipts taxes for the first time in decades will put more money in the pockets of New Mexico families and businesses,’ Lujan Grisham said in a statement. ‘We have the tools to continue building long-lasting economic success — we just have to be bold enough to use them.’”
Albuquerque Business Journal: “Citing an estimated savings of $145 million for consumers and businesses each year, New Mexico Gov. Michelle Lujan Grisham on Wednesday announced a proposal to cut the state’s gross receipts tax by about 0.25%.
Lujan Grisham, who announced the measure before business leaders and officials who gathered for a meeting of Albuquerque’s Economic Forum, said the proposal would be the first reduction in the gross receipts tax in some 40 years […]
‘Cutting gross receipts taxes for the first time in decades will put more money in the pockets of New Mexico families and businesses,’ Lujan Grisham said in a statement issued after the Economic Forum meeting. ‘We have the tools to continue building long-lasting economic success – we just have to be bold enough to use them.’”
KRQE: “NEW MEXICO (KRQE) – Governor Michelle Lujan Grisham has announced a proposal to cut gross receipts taxes statewide as part of signature legislative agenda items for the 2022 session. In a news release from the Office of the Governor, the proposal is reported to save New Mexicans an estimated $145 million annually or $1.5 billion over 10 years.
The plan will be made up of a statewide 0.25% reduction in the gross receipts tax rate which lowers the statewide rate to 4.875%. This would be the first change in the statewide gross receipts tax rate since July 2021 when the rate increased from 5% to the current rate of 5.125%.”
KOB 4: “Gov. Michelle Lujan Grisham announced Wednesday the appointment of three new administration leaders.
Former Albuquerque Mayor Marty Chavez will serve as the state’s new infrastructure advisor. Chavez will work with New Mexico communities to determine where over $3.7 billion in federal infrastructure funding will be spent and has already begun this month.
Mike Hamman will serve as the state’s water advisor, beginning in January. Hamman will work with federal, tribal, state and local agencies to ensure the state’s water infrastructure withstands the effects of climate change and to develop responsible and conservative water management policies[…]
Matt Schmit will serve as the broadband advisor for the newly-formed state Office of Broadband Access and Expansion. Schmit will centralize and coordinate broadband activities across all agencies and internet service providers to focus on ‘significant broadband deployment and expansion’ for the state.”
The Albuquerque Journal: “SANTA FE — Martin Chávez, a former Albuquerque mayor and ex-state senator, was appointed Wednesday to serve as New Mexico’s infrastructure adviser, where he will help determine spending priorities for the expected deluge of $3.7 billion in federal funding for roads, dams and other public works […]
Gov. Michelle Lujan Grisham, a fellow Democrat, announced the appointment Wednesday, repeatedly citing broadband connectivity and failing dams as priority areas for spending.
In particular, she and other state officials stressed the importance of getting broadband internet service to every household in New Mexico, especially in rural areas where families might otherwise have to drive to catch wifi outside the home.
‘No child should have to sit in the parking lot of a fast food restaurant to do their homework in this country ever,’ Lujan Grisham said, ‘and I wish I could tell you that didn’t happen in New Mexico, but it did.’”