Grant to Help IDA Business
Prosperity Works is proud to announce the receipt of an $8,000 Capacity Building Grant from the National Community Tax Coalition (NCTC). The grant is designed to reach underserved populations and provide excellent tax assistance. The award will allow Prosperity Works to increase the free tax preparation services provided to those it has helped develop or grow a small business. “This is a...
Read MoreStatistics Fail to Enchant
Recent article features Prosperity Works CEO and President, Ona Porter, “Statistics that Fail to Enchant.” Porter says the issues around poverty are those of economic justice. The idea that someone works full-time and still lives in poverty should not be tolerated in the richest nation in the world. Two extremely disturbing reports released this week highlight the shameful levels of...
Read MoreThankful for Great Coaches!
It’s the season to be Thankful, Prosperity Works is grateful for extraordinary Asset Coaches throughout New Mexico! As a partnership of 29 organizations, the New Mexico Assets Consortium has opened over 1,156 Individual Development Accounts (IDA). Coaches, like Sally Moore with CNM Connect, often go above and beyond their normal job description. I recently coached a student requesting a...
Read MoreCongrats to Kayla!
Prosperity Works would like to congratulate New Mexico I.D.A. Saver, Kayla Resendez and her family, on the recent purchase of their home! We would like to thank Kayla and her I.D.A. Coach, Adrienne Smith on a job well done! Kayla has been chosen as a featured Saver Story with Bank of the West, CFED, and Prosperity Works! Read Kayla’s story… Several years ago, Kayla Resendez was living with...
Read MoreDealing with NM Gas Co.
Prosperity Works Attorney, Carmela Starace shares her experience ‘Dealing with New Mexico Gas Company’s Rate Increase’ Last March, the New Mexico Gas Company approached the PRC seeking to raise its rates. Requesting an approval of a $34.5 million increase in annual base revenues. The increase came following a natural-gas outage one month earlier that left more than 28,000...
Read MoreInvest in People or Profits for a Few
Ona Porter joined Environment New Mexico and local activists to call for an end to $44 billion in subsidies to Big Oil. Ona Porter, President and CEO of Prosperity Works comments on the recent Environment New Mexico Press Conference… We hear about the deficit problem, the deficit problem. But isn’t it really a revenue and allocation problem? With tax rates and loopholes for the...
Read MoreTax Time Trouble
Over 480,000 New Mexicans file their taxes and turn to a paid tax preparation firm for help. Unfortunately, according to a recent mystery shopper report performed by First Nation’s Development Institute many tax preparation firms are providing low quality services and taking advantage of vulnerable low-income filers by imposing unnecessary fees or steering them towards an unnecessary...
Read MorePRC Cuts PNM Rate Increase
PRC Commissioners Aguilar, Block and Marks Vote to Cut PNM Rate Increase “Today the Public Regulation Commission was presented with four options to address PNM’s rate increase request. While all four options included rate increases, the one that passed today will have the smallest impact on consumers,” said Carmela Starce, lead council for Prosperity Works. “We wish to thank...
Read MoreNew Project Announced
Prosperity Works, has launched “Opportunities Start Here” a program that will increase utilization of US financial and educational systems, while supporting the individual economic dreams of low-income, single immigrant mothers and their children living in Central and Southeast New Mexico. The project is funded by a $100,000 grant from the W.K. Kellogg Foundation of Battle Creek, Michigan,...
Read MoreNM Data Released
Despite declines in unemployment in New Mexico, many families in the state are still having a difficult time covering basic expenses. A new report, being released on May 3, provides a closer look at what it actually takes New Mexican families to make ends meet in counties across the state. The Basic Economic Security Tables™ were tabulated by the Center for Social Development at Washington...
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