STATIC & DYNAMIC SCORINC IMPLICATIONS

House Memorial 51 requests the Consensus Revenue Estimating Group (CREG) to study how static scoring (which assumes no economic changes from tax policies) and dynamic scoring (which accounts for economic shifts like job growth) affect New Mexico's budget decisions. The study, due by September 1, 2025, will include specific examples like the revenue impacts of personal income tax cuts paired with adjusted state spending and infrastructure projects. This memorial does not change policy but aims to inform future fiscal analysis by comparing these two evaluation methods.