NEW MEXICO’S ECONOMY IS GROWING. YOU’VE HEARD OUR STORIES ABOUT THE LEGISLATIVE FINANCE COMMITTEE SAYING REVENUE WAS UP 32 PERCENT IN MAY FROM THE SAME MONTH A YEAR AGO, TO 589-MILLION DOLLARS. AND THAT WAS THE FOURTH STRAIGHT MONTH OF INCREASED REVENUE, WITH OIL AND GAS TAXES LEADING THE WAY ALONG WITH ROYALTIES, AND GROSS RECEIPTS TAXES.
THE ALBUQUERQUE JOURNAL REPORTS THE ECONOMY IS IMPROVING BECAUSE OF A SURGE IN DRILLING IN THE OIL PATCH, WHICH GREW BY 2-POINT 8 PERCENT IN THE FIRST QUARTER OF THIS YEAR.
