A HEALTHY INCREASE IN STATE REVENUE FOR NEW MEXICO SO FAR THIS FISCAL YEAR. THE GOVERNOR’S OFFICE SAYS REVENUE IS UP 13 PERCENT, AN INCREASE OF 672 MILLION DOLLARS.
FACTORS CONTRIBUTING TO THE REVENUE GROWTH INCLUDE AN 18 PERCENT JUMP IN PERSONAL INCOME TAX REVENUE, AMOUNTING TO 50 MILLION DOLLARS. CORPORATE TAX GROWTH WENT UP 18 MILLION, OR 66 PERCENT. GROSS RECEIPTS TAXES ADDED MORE THAN 400 MILLION DOLLARS, OR ON AN INCREASE OF 11 PERCENT.
THE GOVERNOR’S OFFICE SAYS REVENUES IN MOST TAX CATEGORIES SHOW SIGNIFICANT INCREASES THROUGH THE FIRST SEVEN MONTHS OF THIS FISCAL YEAR.
