New Mexico state and local tax revenues rise

April 12, 2018

New Mexico tax authorities are collecting more local and state government tax dollars amid an oil industry rebound and some signs of an economic expansion, Gov. Susana Martinez announced Wednesday.

Martinez said in a statement that state and local revenues for the first seven months of the fiscal year have increased by $672 million from the previous year, or 13 percent. Those revenues include some money from local tax increases.

State general fund revenue increased by $489 million, or nearly 16 percent, during the same July-January period from the previous year, according figures from the Department of Finance and Administration...

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