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| Above, the New Mexico State Capitol in Santa Fe. Photo by Armand Vaquer. |
There was some good news to come out of Santa Fe this week.
A House panel voted to table a proposed hike in New Mexico's gasoline tax.
According to the Albuquerque Journal:
SANTA FE – Legislators on a key House committee rejected a proposal Monday that called for sharply increasing the gasoline tax as part of an effort to reduce pollution and improve New Mexico’s roads.
The proposal would have raised about $300 million in new revenue a year – with the proceeds split among road improvements, investments in “clean” transportation projects and tax rebates to help low-income New Mexicans.
It would have been phased in over time, eventually pushing the gas tax from 17 cents a gallon to 47 cents.
Members of the House Appropriations and Finance Committee voted 14-1 to table the bill, a procedure that prevented it from advancing to the full House for consideration.
To read more, go here.
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