New Mexico collects more than $4.1M in taxes from first month of cannabis sales
By Robert Nott rnott@sfnewmexican.comJun 1, 2022 When legislative advocates for legalizing cannabis were pushing their cause, they said the industry would bring in tens of thousands of dollars a year in new revenue. The state Revenue and Licensing Department last week provided a first glimpse of how much tax revenue the state might expect from […]
NM receives ‘clear warning’ on population’s slowing growth
BY DAN MCKAY / JOURNAL STAFF WRITERPUBLISHED: FRIDAY, APRIL 30TH, 2021 AT 10:05PMUPDATED: FRIDAY, APRIL 30TH, 2021 AT 10:55PM Copyright © 2021 Albuquerque Journal SANTA FE – New Mexico’s sluggish population growth over the last decade – the slowest since statehood – may offer a peek at the state’s future. A demographic report presented to legislators […]
U.S. BUREAU OF LABOR STATISTICS
Unemployment Rates for States Unemployment Rates for States, 2021 Annual Averages New Mexico: 2021 Annual Average Unemployment Rate: 6.8%; Rank 48 of 51 (50 states and DC)
New Mexico needs economic reform, not tax hikes
by Paul Gessing | Oct 26, 2020 A recent report from the Pew Center determined that New Mexico had the fourth highest volatility in tax revenue collection over the past 20 years. Unsurprisingly, the study cited reliance on oil and gas revenues as the likely cause of this volatility. What the study didn’t consider was the fact that New Mexico’s […]