(Albuquerque) Rio Grande Foundation president Paul Gessing made the following statement relating to the organization’s 2011 “Tax Friendliness Report”:

“It has come to our attention that several factual errors were made in The Rio Grande Foundation’s recent report which purported to analyze and rank the relative ‘tax friendliness’ of New Mexico’s 10 largest cities based on property and gross receipts tax burdens. We apologize for these errors and have retracted the report in its entirety. The report is no longer on the organization’s website, www.riograndefoundation.org.

“Pending a full review of the report,” Gessing concluded, “we may re-edit and re-release the report at a later date.”