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Highest income earners in New Mexico taxed at 6% rate

The top 1 percent of earners in New Mexico are taxed at an effective rate of 6 percent, compared to the state’s 10.2 percent tax rate on the middle 20 percent of income earners, according to a new 24/7 Wall St. analysis.

Albuquerque has liabilities equaling $5,800 per taxpayer

Among the 75 most populous cities in the U.S., Albuquerque ranks 46th for the state of its finances, having $5,800 in liabilities per taxpayer, according to a Truth in Accounting (TIA) analysis of municipal data released last month.

Inbound cigarette smuggling rate in New Mexico estimated at 40.8%

The inflow of smuggled cigarettes in New Mexico is 40.8 percent, according to a new study from the Tax Foundation that examines the relationship between cigarette taxes and smuggling.

New Mexico ranks 30th best in new economic outlook analysis

New Mexico finished 30th in a study by the website Rich States, Poor States that examined the 50 states’ economic outlooks based on 15 weighted policy measures.

New Mexico ranks 20th best on corporate tax study

New Mexico finished 20th in a study by the Tax Foundation examining how well states have structured their corporate income tax systems in 2020.

New Mexico among the 36 states with major tax changes in 2020

New Mexico was included in a new analysis from the Tax Foundation identifying 36 states that have major changes to their tax codes taking effect this year.

New Mexico job growth this year projected at 0.7%

Job growth in New Mexico is expected to reach 0.7 percent by the end of 2020, down from the state's 2019 job growth of 1.9 percent, according to a new study by Kiplinger that assessed state economic outlooks.

New Mexico has adequate funds to weather moderate recession

New Mexico would have adequate revenues to manage a moderate economic downturn without raising taxes or cutting services, according to a new analysis from Moody’s Analytics.

New Mexico ranks 22nd in annual tax climate ranking

New Mexico finished 22nd in a new study by the Tax Foundation showing which states are best at structuring their tax systems

College football coach is highest-paid public employee in New Mexico

Bob Davie, head football coach at the University of New Mexico, earned $823,740 in 2018, making Davie the highest-paid public employee in New Mexico last year, according to a ranking by the website GOBankingRates.

Funding for arts agencies in New Mexico to reach $1.33 million in FY2020

Legislative appropriations for New Mexico arts agencies are projected to reach $1.33 million for fiscal year 2020, which equates to 64 cents per capita in the state, according to a report from the National Assembly of State Arts Agencies (NASAA).

New Mexico levies a total tax on lodging of 5.1%

Hotel room bills in New Mexico tack on a total state lodging tax of 5.1 percent, the 35th highest lodging tax rate in the nation, according to a study by the National Conference of State Legislatures (NCSL).

989 borrowers in New Mexico filed for student loan forgiveness in 2nd quarter

Borrowers in New Mexico who sought forgiveness of their student loans in the second quarter of 2019 numbered 989, according to a new state-by-state analysis by the U.S. Department of Education.

$128.8 million in federal research dollars flowed to New Mexico in FY 2018

Federal agency research dollars going to New Mexico totaled $128.8 million in fiscal year 2018, according to a new analysis by the Research!America alliance.

New Mexico received $6.6 million in public broadcasting funds last year

The Corporation for Public Broadcasting allocated $6,624,639 in fiscal-year 2018 to support public television and radio in New Mexico, the 21st highest amount among the 50 states and the District of Columbia, CPB reported.

New Mexico 2-year college students pay $1,840 in tuition and fees

New Mexico two-year colleges charged students $1,840 in tuition and fees during the 2018-19 academic year, the second lowest cost among 49 states examined, the College Board said in a new report.

3 U.S. House members from New Mexico make $174,000 annually

Each of the three U.S. House of Representatives members representing New Mexico draws an annual salary of $174,000, according to the Congressional Research Service.

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