“Gov. Michelle Lujan Grisham vetoed 35 bills Friday”
by Dan McKay and Dan Boyd, Albuquerque Journal
April 7, 2023
Click on the above link to read this limited-access article.
“Final tax package: What survived—and what didn’t—in New Mexico’s tax legislation”
by Dan Boyd, Albuquerque Journal
April 7, 2023
The governor left $500 taxpayer rebates intact, but sliced other legislature-approved tax cuts, such as a reduction in the gross-receipts tax rate, a proposed 20 percent increase in the alcohol tax rate and an electric car purchase tax credit.
Click on the above link to read this limited-access article.
“New Mexico governor signs over 200 bills into law”
by Megan Gleason, Austin Fisher, Danielle Prokop and Shaun Griswold
Source NM, April 7, 2023
A complete list of the bills, sorted by categories, that were signed by Grisham
Click on the above link to read this free-access article.
SB402, the ‘Venture Capital Program’ intro’d by Sen. Martin Hickey- A few weeks ago I was watching the legislative session and I clipped these remarks and questions from NM State Senator Pat Woods – https://www.youtube.com/watch?v=sLj3c2MS_l8&list=PLtQpRlhdbhYVZE8soYhJyDnLfrU246uIK&index=1&t=33s
Reading through the bill itself, it provides an exception to the Inspection of Public Records act—? so these private businesses that are funded by the state (taxpayers), will also be shielded from scrutiny? https://www.nmlegis.gov/Sessions/23%20Regular/final/SB0402.pdf
I know I must be missing something – does this seem on the up and up?
You’re right. The bill gives the New Mexico Finance Authority considerable interpretive discretion that could be misused to circumvent the public’s right to know. The precise language of the provision is as follows:
“SECTION 5. A new section of the Venture Capital Program Act is enacted to read:”PROPRIETARY INFORMATION–CONFIDENTIALITY.–Information obtained by the authority in order to make investments from the venture capital program fund, which information is proprietary, technical, trade secret or business information, shall be confidential and not subject to inspection pursuant to the Inspection of Public Records Act.”