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" ... And, although banks and landlords are doing their best to be flexible, that flexibility is running out as the crisis continues. In April, landlords were more willing to provide abatements or deferments. Banks provided forbearances. Food vendors worked with restaurants to ensure they stayed in business so they could stay in business. In other words, restaurants had options as their business ecosystem navigated a new crisis together. ... "
" ... Donnie Charleston: That's a great topic. Annually states and local governments are spending billions of dollars in tax expenditures. When we're talking about tax expenditures, we're talking about money that is forgone by state local government. It's money that they don't collect because they're providing tax abatements or other carveouts for developers or specific groups of individuals. They are not collecting that revenue. That's a whole other area that we don't do a lot of research on collectively. ... "
" ... For example, it is risky for property owners to offer rent abatements to tenants who are suffering a cash shortage. Extending credit terms is also risky, but many businesses are eager to help others continue to build, manufacture and sell their goods. Keeping employees on the payroll without the ability to forecast future sales is incredibly risky, yet many employers are because it is the right thing to do. ... "
" ... New York first imposed a commercial ban on March 20, which ran for 90 days at the outset. It was later extended an additional 90 days. Meanwhile, many landlords offered rent deferrals or abatements on their properties. ... "
" ... To be clear: Neither the state nor the federal government collects any royalties on solar installations or wind farms. There is no severance tax to be collected from those alternative forms of energy with which to fund the state’s schools or hospitals, or to sustain the free in-state college tuition program Lujan herself established in 2019 thanks to New Mexico’s new Permian/Delaware Basin windfall. Moreover, many states actually subsidize wind and solar through tax abatements and credit programs, making them a net-negative to the state budget. Diversifying the portfolio is a noble goal, but Gov. Grisham and the New Mexico legislature will still have to find other ways to try to balance the state’s budget. ... "