Budget task force to eye tax increases

Governor Bill Richardson’s budget task force will be meeting this afternoon to try to come up wit...  More »

Governor Bill Richardson’s budget task force will be meeting this afternoon to try to come up with ways to bridge the more than a half a billion dollar revenue shortfall facing the state. The task force will be examining nearly a dozen tax increase proposals including increasing the personal income tax and surcharges on joint-filing couples who make at least $150,000 a year. Another possibility: reviving a gross receipts tax on food. The task force has until December 21st to outline the pros and cons of the options and present them to Richardson.  « Less