House Memorial 51 requests that the Consensus Revenue Estimating Group conduct a thorough investigation into the implications of static and dynamic scoring on fiscal policy proposals in New Mexico. The memorial emphasizes the importance of accurate economic evaluation for maintaining a balanced budget and avoiding unintended fiscal shortfalls. It outlines the differences between static scoring, which assumes no significant changes in taxpayer behavior, and dynamic scoring, which considers broader economic impacts such as employment and consumer spending. The memorial notes that while dynamic scoring can provide a more comprehensive view of long-term economic effects, it also introduces greater uncertainty due to the complexities involved in economic modeling.

The memorial calls for the Consensus Revenue Estimating Group to review existing literature and study the implications of both scoring methods, with a deadline for reporting findings and recommendations set for September 1, 2025. The report should include specific examples of how both scoring methods apply to revenue changes and spending proposals, particularly focusing on the dynamic effects of tax reductions and corresponding state spending adjustments. Additionally, copies of the memorial will be sent to various state officials, including the governor and committee chairs, to ensure that the findings are disseminated to key stakeholders in the legislative process.