SOME GOOD NEWS ABOUT NEW MEXICO’S FINANCIAL PICTURE. NEW REVENUE FIGURES SHOW STATE INCOME FROM TAXES, FEES, AND INVESTMENTS WENT UP 32 PERCENT IN MAY COMPARED TO LAST YEAR, AT 589-MILLION DOLLARS.
THAT’S THE FOURTH MONTH IN A ROW THAT THE STATE HAS SEEN AN INCREASE. HOWEVER PERSONAL AND CORPORATE INCOME TAX REVENUE HAS FALLEN WITH A REDUCTION IN THE NUMBER OF HIGH PAYING OILFIELD JOBS.
