By NEW MEXICO HOUSE GOP • JAN 15, 2020
Commentary: Today, Rep. Rod Montoya (R-Farmington) announced he will introduce legislation for the upcoming 2020 Legislative Session establishing a New Mexico Taxpayer Bill of Rights (TABOR). The constitutional amendment, if enacted, will restrict annual spending by state lawmakers and require any future tax increase to be approved by a three-fifths majority in both chambers. Additionally, the amendment would provide taxpayers with annual rebates after spending limits are met. If approved, the constitutional amendment would be placed on the ballot for voter ratification in the 2020 general election.
Since Governor Lujan Grisham was elected, she has supported increasing state spending by $3.7 billion and signed into law one of the largest tax increases in the state’s history.