| Minutes ago, Senate Finance Committee chair Sen. George Muñoz (D-Cibola, McKinley & San Juan) announced that the paid family and medical leave act, House Bill 11, will be heard in his committee at 9:30 a.m. Saturday morning. Please CONTACT members of the committee using this link to register your opposition to the bill.
As you will recall, the bill provides for six weeks of paid medical leave financed by new payroll taxes on employees and employers, totaling over $200 million per year – and that’s likely to escalate significantly in the future to maintain fund solvency. The fund has a high probability of being under water from the outset. In addition, 12 weeks of unpaid parental leave is granted along with a $193 million per year payment of “refunds” to parents. There is no specified funding, so this money is likely a significant hit to the general fund. This bill is bad for New Mexico small businesses especially and makes New Mexico less competitive. |
BREAKING NEWS: Action Needed — Paid Family and Medical Leave Bill Up Tomorrow in Senate Finance
Share this post
REQUEST FOR DONATIONS: Help our ABQ Reads students keep reading this summer and thank our amazing tutors!
Our Albuquerque Reads kindergarten and first-grade students are close to celebrating the end of the school year. Here’s how you can help them celebrate their ...
Read More
INVESTING IN THE FUTURE: Chamber Board gets update on UNM School of Medicine plans
On Feb. 26, the Greater Albuquerque Chamber of Commerce Board of Directors hosted Dr. Michael Richards, University of New Mexico Health Systems CEO and executive vice ...
Read More
MAKING A DIFFERENCE: Leadership Albuquerque gets up-close look at Kirtland Air Force Base during ‘Energy and National Defense’ day
On Feb. 23, Leadership Albuquerque hit the road — to Kirtland Air Force Base. Participants engaged in its “Energy and National Defense” program day. Jeremy ...
Read More