Capitol Outlay

New Mexico State Revenues Continue To Rise

129 Views   According to state economists, New Mexico’s recurring revenue estimates continue to soar, outpacing most of the rest of the nation. During the last report back in December, the estimate was 12.5% revenue growth which at the time was the largest estimated revenue growth in the country. It turns

Hundreds of dollars could come to New Mexicans if bill is passed

276 Views   **Editor’s Note: House Bill 547 was amended before passing the House Saturday. With an amendment, the proposed rebates were increased to $500 for single filers and $1,000 for joint filers. The original proposal offered $300 for single filers and $600 for joint filers. NEW MEXICO (KRQE) – The legislative session is

$959 million tax proposal progresses through roundhouse

247 Views   If it passes — $300 tax rebates will go to single filers. Married couples filing jointly will receive $600. ALBUQUERQUE, N.M. — A $959 million tax package proposal passed the House and Revenue committee Monday. House Bill 547, sponsored by the chairman of the New Mexico House & Revenue

Lawmakers have lots of ideas on how to spend billions in new state money

262 Views   ALBUQUERQUE, N.M. — It’s almost like New Mexico won the lottery. “$3.6 billion,” UNM economist Reilly White exclaimed. “I know when you think about it this way, if we divide it, 2.2 million New Mexicans for every man, woman and child in New Mexico, that’s over 1500 bucks.”

Governor eyeing another round of New Mexico tax rebates in 2023

339 Views   SANTA FE, N.M. (KRQE) – Driven by a surge in oil and gas production, New Mexico is expected to rake in as much as $3.6 billion in “new” money for the state’s upcoming budget year. And that major increase might bring another round of tax rebates or economic stimulus payments to

New Mexico Grade School Population Dropping

378 Views   New Mexico’s population growth is flat and that is helping create a drop in the state’s expected school grade population. In a report presented Tuesday to the Public School Capital Outlay Oversight Task Force the state’s population is getting older, so it’s less likely to be producing offspring that would be