Bush stimulus package will hurt NM
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A new report released by the advocacy group, New Mexico Voices for Children, finds that the recently enacted federal economic stimulus will have a negative impact on the state.
From the report:
"Although the plan provides $150 million in stimulus, the impacts will not be timely and they will eventually have a negative effect on state budgets... The main problem with the rebate package is that checks will not be sent out until May or June. By this point the recession may be fully upon us. In addition, the investment incentives to business could cost New Mexico's state government up to $27 million because of the linkage between state and federal income taxes."
To learn more about the report, see this interview with Voices for Children Executive Director, Eric Griego. (link)
KUNM-FM aired this report, featuring an interview with Voices Research Director Gerry Bradley. (link)
For a copy of the report (link).
NM Voices for Children website.
From the report:
"Although the plan provides $150 million in stimulus, the impacts will not be timely and they will eventually have a negative effect on state budgets... The main problem with the rebate package is that checks will not be sent out until May or June. By this point the recession may be fully upon us. In addition, the investment incentives to business could cost New Mexico's state government up to $27 million because of the linkage between state and federal income taxes."
To learn more about the report, see this interview with Voices for Children Executive Director, Eric Griego. (link)
KUNM-FM aired this report, featuring an interview with Voices Research Director Gerry Bradley. (link)
For a copy of the report (link).
NM Voices for Children website.
