With New Mexico’s politics trending hard left, what is a fiscally conservative think tank that focuses on New Mexico’s still-shaky economic situation to do? Quite simply, there will be more to do than ever. For starters, New Mexico’s $1.1 billion oil-generated surplus brings both opportunity and peril. The Rio Grande Foundation has long called for reform of our state’s broken and politically manipulated gross receipts tax. The surplus is an opportunity for legislators to reform a broken system in ways that make New Mexico’s tax structure economically competitive in ways that encourage businesses to stay in New Mexico.