In early March, New Mexico progressives achieved a notable victory after the state legislature approved SB47, a bill to develop an annual tax expenditure budget, to accurately assess how much the state spends on tax breaks for various industries and companies. The bill's movement is complimented by heightened legislative momentum around accountability across the states. Such reforms, including increasing disclosure of state spending on subsidies, contracts, and corporate tax breaks, are especially necessary considering the bleak fiscal and economic circumstances states continue to confront.