The Rio Grande Foundation (RGF) has expressed frustration with the outcome of the 2024 elections in New Mexico. The organization, which often advocates for economic reform, is concerned about the state's ongoing challenges in areas such as education, crime, and the economy. According to RGF, a significant number of young people are leaving New Mexico for opportunities elsewhere.
The foundation criticizes what it sees as a tendency among voters to elect "far left legislators and governors" in Santa Fe. They argue that this political climate makes it difficult to counteract certain legislative initiatives they consider detrimental. Despite these challenges, RGF acknowledges that the abundance of oil and gas revenue might prompt even left-leaning lawmakers to offer some tax relief.
Looking ahead to the upcoming legislative session, RGF outlines its priorities:
- They aim to maximize tax cuts while minimizing or eliminating accompanying tax hikes.
- The group seeks to ensure the continuation of gross receipts tax elimination for medical providers beyond its current expiration in 2028.
- RGF opposes what it describes as "economically-harmful paid family and medical leave" proposals.
- On baby bonds, they express willingness to engage but caution against potential missteps.
- The foundation strongly opposes oil and gas setbacks, citing a Legislative Finance Committee (LFC) report estimating an annual $800 million cost if implemented.
- Regarding criminal justice reform, RGF plans to participate in discussions with an emphasis on effective crime reduction strategies.
- Finally, they advocate for reducing regulatory burdens through initiatives like "regulatory sandboxes," a concept introduced by Democrats in 2023.
RGF remains committed to influencing policy debates in ways that align with their vision for New Mexico's future development.