SANTA FE — The prospects for an immediate overhaul of New Mexico’s tax code — a top priority of Gov. Susana Martinez’s — appeared to grow even dimmer Monday as legislative leaders said they hadn’t seen a copy of the proposal yet, much less had time to study it.
The timing is critical because lawmakers will begin a special session Wednesday to craft a new spending plan for state universities and colleges, and Martinez has pushed them to reshape the tax system as a way to solidify state finances.
But House Speaker Brian Egolf, D-Santa Fe, said Monday that it simply isn’t reasonable to pass a tax overhaul this week. The final proposal is expected to run 400 pages, underscoring its complexity and the need to scrutinize the changes closely, he said.
“It’s irresponsible to try to do something like this right now,” Egolf said.