House Memorial 51 requests that the Consensus Revenue Estimating Group conduct a comprehensive investigation into the implications of static and dynamic scoring on fiscal policy proposals in New Mexico. Static scoring estimates the revenue impact of fiscal changes without accounting for behavioral responses from taxpayers and businesses, while dynamic scoring considers how such changes can influence broader economic activity, including employment and consumer spending. The memorial highlights the importance of accurate economic evaluation for maintaining a balanced budget and notes that New Mexico has previously utilized dynamic scoring, although its use was discontinued due to concerns about complexity and uncertainty.

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 examples of how each scoring method applies to specific 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 and committees to ensure awareness and collaboration on this important fiscal analysis.