No shortage of tax breaks in New Mexico's drought
March 15, 2023 - Savannah Peat
Trickle-down economics may have more than one meaning in New Mexico. The traditional definition explains that benefits and relief for the wealthy will eventually benefit everyone else. In new UNM Water Resources research, however, the trickle-down economics of irrigation, may be running out of water to drip–literally.
The latest saga in the battle between water conservation and water laws is unfolding in a paper co-authored by Water Resources Alumnus Annalise Porter, Utton Center Writer-In-Residence John Fleck, and Robert P. Berrens of the Department of Economics.
“You need to do the science to understand how much climate change is affecting the available water supply,” Fleck said. “Then you really need to understand the laws and policies because that then affects who gets what of this diminished supply of water that we have.”
Read more at UNM Newsroom.
